The GR3C’s objective is to provide innovative RegTech solutions, based on semantic technologies, to help solve the GRC problems that confront the financial industry. Semantic technologies can help answer many of the questions confronting financial services organizations in the ‘age of compliance’.
Semantic technology-based solutions being developed at the GR3C help organisations: Perform enhanced Regulatory Compliance Change Management; Create regulatory and business vocabularies and rules; Develop enterprise-wide knowledge bases to enable better risk data management and aggregation; Perform regulatory compliance knowledge management; Enhance regulatory compliance capabilities.
The GR3C has ongoing research engagements with several major international organisations, including: Fidelity Investments, Bank of New York Mellon, Deutsche Bank, Santander, Barclays, NatWest; RegTech and FinTech vendors such as Corlytics, Governor Software, Terra Nua, MCO, and Mizen; Global law firms such as Linklaters and UK-based professional services firms such as Grant Thornton and Deloitte; and, finally, regulators such as the Bank of England, the FCA and international industry bodies such as the RegTech Council.
Our multidisciplinary researchers are conducting applied research & development on semantic technologies, AI/NLP and RegTech solutions for governance, risk and compliance in regulated industries such as the financial services sector. Operational Risk, Conduct Risk, Money Laundering Risk, and CyberRisk are key research themes.
Several applied R&D projects focusing on the central theme of regulatory compliance have been completed and related IP generated. The outputs of each are proofs of concepts, demonstrators or pilot RegTech solutions. We intend to build on these to help industry apply ontologies, AI, NLP and predictive analytic solutions to governance, risk and compliance problems.