BMO Capital Markets drives regulatory change management with JWG

Source: JWG

JWG has announced a partnership with BMO Capital Markets (BMO) where it will provide BMO access to its AI-powered, natural-language processing change management system — RegDelta.

Ten years after the financial crisis, the financial services industry continues to face a changing and complex landscape, and this is particularly true for capital markets. RegDelta aims to bring control, accountability and assurance to the significant task of managing regulatory change.

Chris Taves, Chief Operating Officer, Global Capital Markets, BMO, said “This system will enable us to manage the global regulatory challenges that we’re facing in a comprehensive manner. RegDelta will help automate the processes required to identify new obligations and manage the required change efficiently and effectively.”

PJ Di Giammarino, CEO JWG said “We are delighted to welcome BMO to the RegDelta fold. JWG are harnessing the power of an artificial intelligence technique called natural language processing (NLP) to replace manual efforts to map regulators’ changing requirements to business models in an efficient and traceable manner. By implementing industry standards, we are now quickly integrating our proprietary intelligence in a way that our clients control. RegDelta is superior to black box solutions which do not allow for expert configuration to a firms’ control framework.”

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