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July 26, 2021

Clausematch wins A-Team Innovation Award for most innovative implementation of knowledge graph technologies

Anna Antimiichuk
Global Head of Communications, Clausematch

Clausematch has been marked with A-Team Innovation award for the most innovative implementation of knowledge graph technologies by A Team Insight. The recognition the company received is for the project the company has been carrying out with Abu Dhabi Global Market (ADGM). 

At the end of 2019, Clausematch was tasked by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) to fully digitize the ADGM rulebooks and express them as a set of API's publishing them with innovative tools for firms to interact with dynamically. The main idea is to help the regulated financial services firms achieve better compliance and risk management outcomes, while reducing regulatory costs and burdens. 

Following the initial stages of collaboration, in April 2020, FSRA (ADGM) launched three proofs-of-concept including knowledge graphs and API-enabled rulebooks.

In several phases the joint team taxonomize all the content, developed AI/ ML to enable auto-tagging, created visual dynamic knowledge graphs. The team was expected to completely reimagine the regulatory framework. This was achieved by taking the content of regulatory requirements, automatically categorizing it using advanced AI models, creating tags focused on regulatory concepts, obligations, and expectations, and interlinking it on a granular paragraph-level based on the most common themes. 

For various concepts, more than a thousand pages from ADGM regulations have been automatically analyzed and correctly labeled by Clausematch. For most of the AI models, the accuracy score is higher than 90%. Trained AI Models learned to understand financial concepts and then when applied to the whole ADGM corpus detected hundreds of thousands of occurrences for thousands of various entities from various concepts, many of which were not even presented at the training stage. Yet, the models were able to detect these unseen cases successfully.

By working with financial institutions in helping them digitise their policies and procedures as well as addressing regulatory change management, Clausematch looks at the potential of making all of this content digitally native. Creating documents that are machine-readable, machine-executable, and digitally native by design would enable the organisations to work smarter with documents.