Case: Harnessing Risks and Compliance with the Help of AI
Mari-Liis Soe — Complok
Comploc develops a regulatory compliance and risk management platform tailored for fintechs, addressing challenges such as high annual compliance costs, widespread fines, and overreliance on Excel among compliance officers. The platform leverages AI for automated regulatory reporting, audit-ready data, and enhanced workflows like enterprise-wide KYB, third-party risk assessments, and continuous monitoring aligned with EU regulations including DORA. It features customizable risk libraries, interactive questionnaires, and automated report generation with audit trails. Recent focus includes a six-step automated KYB solution for small fintechs, demonstrating rapid customer adoption and positioning within the growing regtech market.
"Compliance may seem boring, but it’s crucial — poor risk management can cause huge problems. By using AI and smart platforms, we can streamline workflows, save time, and make compliance efficient and audit-ready."
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Fintech pioneers embrace AI for compliance challenges at Nordic summit
Regulatory tech takes centre stage as Mari-Liis Soe presents cutting-edge solutions
In an industry grappling with mounting regulatory pressures, Mari-Liis Soe offered a compelling vision for the future of financial compliance at this year's Nordic Fintech Summit. Her presentation, "Harnessing Risks and Compliance with the Help of AI," showcased how artificial intelligence is transforming the regulatory landscape for fintech companies.
The compliance challenge facing modern fintechs
The presentation highlighted stark realities confronting financial technology firms: astronomical annual compliance costs, widespread regulatory fines, and an unsustainable dependence on outdated tools like Excel spreadsheets among compliance officers.
"The current approach to regulatory compliance simply isn't sustainable for growing fintech companies," Soe explained as she unveiled Comploc's AI-driven platform, specifically designed to address these pain points.
Technology meets regulation
Soe demonstrated how Comploc's platform leverages artificial intelligence to automate regulatory reporting processes while maintaining audit-ready data — a critical requirement in an industry facing increasing scrutiny from regulators across Europe.
The solution appears particularly timely as firms scramble to align with new EU regulations including the Digital Operational Resilience Act (DORA), which imposes stringent requirements on financial entities' digital operations and risk management frameworks.
Beyond basic compliance
What distinguished Soe's presentation was her emphasis on moving beyond checkbox compliance toward integrated risk management. The platform features customizable risk libraries coupled with interactive questionnaires that adapt to specific regulatory frameworks.
Particularly noteworthy was the six-step automated Know Your Business (KYB) solution designed specifically for smaller fintech operations that lack extensive compliance departments but face identical regulatory expectations as their larger counterparts.
Market validation and future outlook
The presentation revealed encouraging signs of market adoption, with Comploc positioning itself within the rapidly expanding regulatory technology sector. As financial services continue their digital transformation, platforms that successfully blend compliance requirements with technological innovation appear poised for significant growth.
As the Nordic Fintech Summit continues through May 15th, Soe's insights reflect a broader industry trend toward embracing AI not merely as a competitive advantage but as an essential tool for navigating increasingly complex regulatory waters.
Part of Nordic Fintech Summit