How ClauseMatch is disrupting regulatory compliance through AI - Morning Tick

When Evgeny Likhoded was working on regulatory implementation projects at Morgan Stanley, he realized how doing manual paperwork and documentation was the main pain point for financial institutions. In his words, the "internal processes without any technology were not working anymore." With the aim to "create a real-time collaboration platform allowing compliance risk and legal teams to work on content and documents in real-time," Likhoded launched AI-based RegTech firm ClauseMatch in 2012. Essentially, the platform enables users to manage enterprise policies. These compliance documents are required to be refreshed every year and the ClauseMatch platform automates the tasks eliminating operational risks.