Archer, a provider of risk management solutions, has acquired Compliance.ai, a supplier of artificial intelligence (AI)-driven regulatory change management solutions.
This acquisition is expected to empower Archer clients with AI technology to automate monitoring, tracking, reporting and responding to evolving regulations in real time, the companies said in a Tuesday (Feb. 20) press release.
The acquisition will offer Archer’s clients real-time updates, predictive analysis and increased accuracy for regulatory compliance and risk management, Bill Diaz, CEO of Archer, said in the release.
“Leveraging the power of AI technology advances our strategy to empower organizations to more effectively manage their entire risk landscape and allows us to propel Archer solutions into a new era of efficiency and foresight,” Diaz said.
The integration of Compliance.ai’s AI-powered technology with Archer’s risk and compliance management solutions will deliver benefits to compliance, risk and legal teams worldwide, Kayvan Alikhani, co-founder and chief strategy officer at Compliance.ai, said in the release.
“Joining with Archer, we’re in a leading position to…
