Parameta Solutions: Empowering Compliance Teams with Generative AI

Parameta Solutions, the data arm of TP ICAP, operates in a highly regulated industry. Historically, their compliance team spent countless hours manually reviewing methodologies against regulations, a tedious and time-consuming process. To address this challenge, Parameta Solutions partnered with AWS to develop a streamlined, AI-powered solution. Their Parameta Regulator Tool now allows them to easily upload methodologies and regulations, which are then processed by Amazon Textract to extract key information. A custom workflow, powered by AWS Step Functions, then uses Amazon Bedrock to compare the documents and provide recommendations on whether the methodology meets regulatory requirements. The adoption of generative AI has reduced the time to complete this critical compliance check from days to mere minutes, freeing up their team to focus on more strategic priorities. By leveraging the latest advancements in AI and AWS services, Parameta Solutions has transformed a manual, error-prone process into an efficient, scalable solution that strengthens their compliance posture and enhances their overall business agility.

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