AuditBoard has announced the general availability of its powerful artificial intelligence capabilities within its award-winning connected risk platform, using by financial institutions globally.
AuditBoard AI incorporates generative A, and other private AI models to help audit, risk, infosec, and ESG teams work smarter while meeting the security and privacy needs of the enterprise. The application of AI represents a significant opportunity for finance teams managing risk to better connect data across functions, craft content, and proactively surface issues, risks and insights.
Designed to enable practitioners leverage generative content to draft risk and control descriptions, AuditBoard also uses AI models to identify duplicative work, map controls across frameworks, and help businesses grow securely by proactively identifying gaps in their controls and risk mitigation plans.
“AuditBoard AI has been a game-changer for me and my team,” said Melissa Pici, Senior IT Audit Manager at Syniverse. “I can get things done more quickly, which means it’s a huge capacity multiplier. Something that used to take twenty minutes now takes only five.”
AuditBoard AI elevates the experience of audit, risk, infosec and ESG practitioners and their stakeholders across all sectors, including but not limited to finance and banking. It aims to help those sector organisations work faster and smarter by surfacing relevant insights, providing intelligent suggestions and automating workflows like report summarisation, issue creation, control mapping and more.
Within AuditBoard’s connected risk platform, AI is seamlessly integrated into practitioner workflows to provide key benefits such as:
- Improved visibility: Analyses large amounts of data and detects patterns to identify missing framework mapping requirements, duplicate requests and controls, and potential risks.
- Increased efficiency: Maximises productivity by refining your processes to produce high-quality content and establish meaningful connections swiftly.
- Secure operation: Ensures enterprise-level safety via human validation and review.
“Audit, risk, and infosec teams are increasingly overwhelmed by the scale and complexity of today’s risk environment and are looking to securely leverage AI technology to automate important tasks, as well as glean insights and recommendations to maximise their impact,” said Anton Dam, VP of AI at AuditBoard. “AuditBoard AI helps them do just that. By taking a human-centred approach, AuditBoard also ensures that safety, transparency, and accountability are prioritised in our AI solution’s development and deployment.”
