✨ We’ve rebranded! AIRA is now Amantra ✨

Turning Compliance into Confidence: Read AI for Regulatory Reporting

workflow banner
Our client, a multi-jurisdictional financial services institution with $15B in assets, was under increasing regulatory pressure to deliver timely, accurate compliance reports. They managed over 500,000 compliance-critical documents annually, ranging from KYC forms and contracts to regulatory filings across multiple regions. Manual document handling created significant compliance bottlenecks and exposed the firm to penalties and reputational risks.

The Challenge: Compliance Bottlenecks and Risk of Penalties

The organization struggled to maintain compliance efficiency and accuracy while managing a massive and constantly growing volume of regulatory documentation. Key challenges included:

  • Volume Overload:
    Over 40,000+ compliance documents were processed each month, spanning scanned PDFs, handwritten images, and structured digital forms, creating significant data extraction and consistency challenges.
  • High Error Rates:
    Manual data entry and validation led to 7–8% error rates, increasing the likelihood of non-compliance and regulatory discrepancies.
  • Delayed Submissions:
    Preparation of mandatory regulatory reports took 3–4 weeks, leaving little buffer time and heightening penalty exposure for late filings.
  • Audit Complexity:
    Lack of end-to-end traceability made it difficult to track who processed each document and when, complicating audits and reducing accountability.
  • Resource Drain:
    Compliance teams spent nearly 70% of their time on manual document handling, leaving limited capacity for strategic risk assessment or process improvement.
The firm needed an AI-driven compliance automation framework that could scale with growing regulatory requirements.

The Solution:Read AI for Compliance

Amantra deployed an end-to-end IDP + RPA solution tailored for compliance-heavy environments:
  1. Automated Document Ingestion
    • Documents captured from emails, portals, scanners, and shared drives in real-time.
    • RPA bots eliminated delays in collecting documents from multiple sources.
  2. AI-Powered Classification & Extraction
    • NLP and machine learning classified documents (KYC, contracts, filings, transaction reports).
    • AI + OCR extracted key data (customer IDs, transaction values, compliance codes) with 98% accuracy.
  3. Validation & Cross-Checking
    • Extracted data was automatically validated against internal databases and regulatory checklists.
    • Exceptions flagged for human review, ensuring accuracy while reducing workload.
  4. Compliance Reporting Automation
    • RPA bots compiled data into standardized templates required by regulators.
    • Automated submissions ensured zero missed deadlines.
  5. Audit-Ready Transparency
    • Every action is logged with timestamps and user IDs.
    • Instant retrieval for regulator audits.

The Results: Compliance at Speed and Scale

  • 90% faster compliance reporting, reducing preparation time from 3–4 weeks to 3–5 days.
  • Error rates dropped from 7% to under 1%, improving regulatory accuracy.
  • 30% reduction in compliance team workload, freeing resources for fraud risk analysis and strategic compliance initiatives.
  • 100% on-time submissions, strengthening trust with regulators.
  • Avoided millions in potential penalties by eliminating late or inaccurate filings.
Bottom Line: With Amantra's Read AI, the financial firm transformed compliance from a manual burden into a strategic strength, delivering speed, accuracy, and regulatory confidence.