Regulatory Compliance Transformation
How a national bank automated 80% of manual compliance tasks, reduced operational costs by 40%, and achieved 99% reporting accuracy.
The Story
National Trust Bank, a leading financial institution, was grappling with the escalating cost and complexity of regulatory compliance. Their compliance teams were spending thousands of hours manually performing checks, collecting data from disparate systems, and generating reports for regulators. This manual process was not only expensive and slow but also prone to human error, posing a significant risk of non-compliance, fines, and reputational damage. The existing workflow was a major operational bottleneck that consumed valuable resources and hindered the bank's ability to focus on strategic initiatives.
The bank's leadership recognized that to thrive in an increasingly stringent regulatory environment, they needed to fundamentally transform their compliance function. The strategic imperative was to move from a reactive, manual-check-based model to a proactive, automated, and data-driven compliance ecosystem that could operate with speed, accuracy, and full auditability.
What Did Medha Soft Do
Medha Soft was engaged to deliver an end-to-end Regulatory Automation Platform. Our team of RegTech and AI specialists worked in close collaboration with the bank's compliance, risk, and IT departments to architect a solution that would streamline their entire compliance lifecycle. Our AI-Hybrid Framework was central to delivering a robust, scalable, and secure platform.
Centralized Compliance Data Hub
We built a secure data pipeline to ingest and normalize data from over a dozen internal systems, including core banking, trading platforms, and CRM. This created a single source of truth for all compliance-related data, eliminating manual data gathering.
AI-Powered Rules Engine
Our engineers developed a configurable rules engine that automated over 80% of the manual checks previously performed by the compliance team. The AI-powered engine could test millions of transactions against complex regulatory rules in near real-time, flagging potential issues for human review.
Automated Reporting & Audit Trail
We created a dynamic reporting dashboard that generated regulatory reports on demand. The entire platform was designed with auditability in mind, providing a complete, immutable log of every automated check and human action, simplifying regulatory inquiries.
Data Analysis Chart
The chart below illustrates the dramatic reduction in manual hours spent on compliance tasks per month following the full implementation of the automation platform, freeing up resources for higher-value activities.
Chart Caption: Monthly Manual Compliance Hours vs. Automated Checks Processed.
The Results
The Regulatory Automation Platform delivered a powerful return on investment, fundamentally transforming the bank's approach to compliance and risk management.
40% Reduction in Compliance Costs: By automating manual labor and reducing operational overhead, the bank achieved significant and recurring cost savings.
99% Reporting Accuracy: Automation eliminated human error, leading to highly accurate and consistent regulatory reporting.
80% Automation of Manual Checks: The platform freed up thousands of hours for the compliance team, allowing them to focus on strategic risk management rather than repetitive tasks.
Customer Reviews of the Case
Medha Soft’s platform transformed our compliance function from a cost center into a strategic asset. We now operate with a level of speed and accuracy that was previously unimaginable. Their understanding of both technology and financial regulation is unparalleled.
David Miller
Chief Compliance Officer, National Trust Bank
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