Sinpex and Horváth & Partners collaborate to improve and automate information gathering capabilities for financial institutions. Thereby helping to minimize compliance related risks while realizing significant time-savings and increasing overall quality by leveraging cutting-edge technologies such as Natural Language Processing (NLP) and Machine Learning (ML).
The partnership combines management consulting excellence and best in class technology supporting Financial institutions (FI) to significantly enhance their compliance processes by using jointly developed services.
Regulatory awareness and requirements are significantly increasing over the last decade. The compliance burden results in increasing costs and adjacent changes within established workflows. According to first-hand experience of the two partners, such processes rely on personnel. This is not acceptable due to high inefficiencies in data collection and the high probability of human errors. At the extreme, high fines are the result of such inefficiencies.
In order to address these challenges Sinpex offers a highly specialized service for data extraction from structured and unstructured data sources. The algorithm provides precise answers to the user. The Sinpex system keeps the expert in the loop and ensures highest quality standards. The right mix of human-machine interaction ensures 100% traceable and audit-proof documentation. This approach results in increased professionalization and quality while establishing a single source of truth throughout the process. Real time risk assessments and increased flexibility enhances the overall degree of compliance significantly.
Combined with Horváth & Partner’s expertise in the fields of intelligent Process Automation (iPA), steering concepts and their deep knowledge in performance optimization and corporate management, compliance processes can be improved E2E while the whole concept is embedded into an overarching Target Operating Model.
This truly value-adding partnership offers FI an co-developed system to address the compliance challenges ahead – from concept to implementation.
«We are delighted to extend our partnership with Horváth & Partners. The co-developed solutions help FI to successfully master the digital transformation», said Camillo Werdich, CEO at Sinpex.
Sebastian Ostrowicz, Expert of Process Automation within Horváth & Partners’ Digital Transformation Practice added, «In partnership with Sinpex we are now able to offer our customers end-to-end coverage, reaching from ideation and conceptualization up to the implementation of a prefigured solution. Moreover, by use of our quick-check assessment we are able to provide short-term benefit estimation and realization».