The Taxonomy Manager is a key component of the Corlytics Regulatory Platform.The Taxonomy Manager uses automation and natural language processing to find contextual information within the content that can allow the content to be tagged with taxonomy identifiers. This automates the process of determining to which parts of the business content should be sent for analysis.
The Corlytics’ Taxonomy Manager categorises regulatory content, including both regulations, and regulatory event notices and maps this content to the taxonomy of the firm. Corlytics automatically acquires regulatory content from regulatory bodies and using the Corlytics’ taxonomy solution for regulators enables categorisation, mapping and routing of regulatory content to a firm’s view of compliance risk, business lines and controls.
Benefits
Relevant regulatory information
Helping regulated firms to identify the updates that are relevant to their firm, business lines and products.
Automatically filtering and prioritising obligations and updates to link to policies.
Increases visibilty
Increasing staff utilisation ensuring that content flows automatically to the correct teams, rather than via manual triage of content.
Surfacing content in the taxonomy of the firm, making it immediately recognisable to the firms’ staff.
Greater depth
Enhancing search capability utilising filtering and tagging functionality.
Enabling measurement and analysis of actual regulatory risk by jurisdiction, regulator, risk topic and business line.
Key Features
- Regulatory notice and rules categorisation: Mapping and routing of regulatory artefacts to the correct team within a regulated firm.
- Mapping of external content to firm taxonomy through the Corlytics universal taxonomy.
- Firm centric regulation: A business centric overlay on top of regulations and regulatory events.
- Provides the ability to create models for a risk-weighted view of the regulatory landscape.
- Enables firms to identify emerging risk topics through content categorisation.
Regulatory Platform
Find
Understand
Implement
Evidence
Our case studies for financial services
Here, you will find detailed narratives that highlight how Corlytics have helped clients successfully navigate regulatory challenges . Each case study offers insights into the strategies employed, the specific technologies utilised, and the tangible results achieved in improving compliance and operational efficiency.
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