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Regulatory Monitoring Platform: Centralizing Global Compliance
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octobre 09, 2024
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A leading international consumer goods company retained FTI Consulting to deliver an AI-enabled regulatory monitoring platform as part of a broader monitoring program focusing on regulatory issues relating to their products and reduced-risk offerings, such as product regulation, packaging, advertising and usage restriction.
Our Impact
- By providing a unified regulatory monitoring solution, we empowered the client with a centralized platform that served as a reliable single source of truth. This ensured consistent compliance and enhanced the client’s ability to navigate an ever-changing regulatory landscape and included supporting legal documents.
- The client improved its engagement with regulators, streamlined compliance processes and strengthened commercial and operational strategies.
- The client gained better control over regulatory risks, ensured its adherence to laws across all markets and bolstered its overall reputation and strategic positioning through the use of FTI Consulting’s AI-enabled regulatory monitoring solution. The solution allows for seamless comparison with internal policies and facilitates natural language processing, enhancing the overall regulatory compliance process.
Our Role
- FTI Consulting experts utilized a design thinking approach, collaborating closely with client stakeholders to co-create a tailored solution. This ensured that the platform balanced competing priorities and was rapidly implemented to meet critical needs.
- A secure, high-performance infrastructure was built using Amazon Web Services (“AWS”) cloud-based solution, featuring single sign-on and robust capabilities to support the platform’s resilience and efficiency.
- FTI Consulting developed an agnostic AI infrastructure that leverages a proprietary retrieval-augmented generation (“RAG”) system. This infrastructure enables the use of multiple large language models (“LLMs”) and the development of AI agents tailored to meet incoming business requirements.
- FTI Consulting enhanced data ingestion processes to provide the client with comprehensive legislative insights, including key dates and future developments relevant to their products, ensuring full visibility into the regulatory landscape.
- Our team developed global and market-specific dashboards with geographical views and established an automated notification system to keep stakeholders informed of regulatory updates, supported by a centralized repository for legal documentation.
Related Insights
Date
octobre 09, 2024
Contacts
Senior Managing Director, Global Head of Data Science
Senior Managing Director
Managing Director
Managing Director