Our site financially supports Kodex AI technology
A Berlin-based startup, Kodex AI, has received an investment from the Corporate Venture Capital (CVC) group of a major bank. This move is part of the bank's commitment to innovation and its Entrepreneur in Residence program, which fosters collaboration with promising startups.
Kodex AI's AI-powered solution is designed to enhance non-financial risk management and efficiency within the financial industry. The solution automates regulatory compliance, particularly for crypto providers, and handles complex rule tracking.
One of the key features of Kodex AI's solution is its ability to interpret visual elements such as tables, a capability that sets it apart from traditional solutions. It automates real-time monitoring and tracking of evolving crypto regulations, providing actionable alerts before new requirements take effect across multiple jurisdictions.
The solution also includes a crypto-specific knowledge graph, an AI chat assistant, full traceability, and ease of deployment. The knowledge graph organizes legal content by topic, ties it to internal policies, and reveals legal context and cross-border considerations, supporting better risk understanding and decision-making. The AI chat assistant enables natural language queries on compliance questions, enhancing employee efficiency and reducing reliance on manual legal research.
The solution ensures full traceability from regulation changes to internal controls, supporting auditing and governance requirements. It can be deployed without complex technical integration or the need to upload sensitive data, enabling immediate benefits.
A case study with Ratepay demonstrated that Kodex AI automated 80% of compliance work, cutting manual review time by 10+ hours weekly while maintaining full regulatory alignment. This clearly demonstrates efficiency gains and risk mitigation through reduced human error and faster processing.
Gil Perez, the bank's Chief Innovation Officer, stated that Kodex AI's solution has the potential to significantly enhance the efficiency of financial data extraction and analysis. He expressed enthusiasm about continuing the partnership to help Kodex AI grow and meet all the quality needs and security requirements of the banking industry.
In addition to its investment in Kodex AI's AI-powered solution for the financial industry, Kodex AI is also piloting an intelligent and user-friendly chatbot for non-financial risk on the bank's website. This chatbot is designed to help employees get quick answers to policy-related questions and navigate through high volumes of complex documents.
The bank's focus with its CVC investments is on strategic corporate venture capital investments in startups that use technology to either support and enable innovative services or increase productivity of processes. The CVC programme is a core component of the bank's innovation agenda.
Further information about the CVC programme and the bank's investment in Kodex AI can be found on the bank's website. The bank's central CVC team can also be contacted through the website. Kodex AI is the latest startup to receive investment from the bank's CVC group, following investments into Binalyze and Plan A.
[References] [1] [Bank's Website] - Information about the bank's CVC programme [2] [Bank's Website] - Case study on Kodex AI's impact at Ratepay [3] [Kodex AI's Website] - Information about Kodex AI's solutions and services
The investment by the bank's Corporate Venture Capital (CVC) group in Kodex AI, a Berlin-based startup, signifies a strategic move towards business growth and innovation, particularly in the areas of finance and technology. Kodex AI's AI-powered solution, designed for the financial industry, leverages artificial-intelligence to automate regulatory compliance for crypto providers and manage non-financial risks more efficiently. Additionally, the bank is piloting an intelligent chatbot from Kodex AI for non-financial risk on its website, aiming to increase productivity and enable quick answers to policy-related questions.
