RegTech

The task of reading and researching regulations and laws can be a daunting and time-consuming process for individuals, especially in a complex legal landscape like Saudi Arabia. Recognizing the need for a more efficient and cost-effective solution, a two-sided platform has emerged to assist customers in navigating these intricate legal waters. This platform leverages the power of AI to provide a streamlined and automated approach to researching regulations and laws specific to Saudi Arabia. By employing cutting-edge technologies such as Natural Language Processing (NLP) and Natural Language Understanding (NLU), the platform is able to analyze and comprehend the semantic meaning of various business contexts. This enables it to deliver tailored and relevant sets of regulations that are specifically applicable to each customer's unique business case. By harnessing the capabilities of NLP and NLU, the platform significantly reduces the time and effort required for individuals to identify and comprehend the relevant regulations. Instead of manually sifting through lengthy legal texts, customers can rely on the platform's AI-powered solution to extract the necessary regulations that directly impact their specific business operations. This not only saves time but also minimizes the costs associated with extensive research and legal consultations. Moreover, the platform goes beyond providing a mere compilation of regulations. It understands that customers may require further assistance in navigating the legal landscape. To address this, the platform incorporates a recommendation system that suggests consultants and specialists who are well-versed in the specific regulations relevant to the customer's business case.