How does
Ernst & Young
Use AI?
Speeds up compliance checks and reduces human error
Project Overview
Automating risk assessment and compliance reviews through AI-driven document analysis.
Layman's Explanation
EY’s AI reviews legal and regulatory documents to find anything risky or non-compliant—so teams can act faster and stay on the right side of the law.
Details
EY employs AI, particularly natural language processing, to review and analyze regulatory documents, contracts, and internal policies to support risk assessment and compliance functions. The system extracts critical information, flags potential risks, and ensures alignment with evolving regulations. This allows teams to perform reviews more quickly and with greater consistency, helping clients manage compliance efficiently across large volumes of complex data.
Analogy
It’s like having a legal assistant who can read hundreds of pages in seconds and highlight the red flags.
Machine Learning Techniques Used
More Use Cases in
Finance
Novelty Justification
NLP for compliance and risk is now a staple in large professional services firms.
Project Estimates
