Kobalt Labs

Kobalt Labs is an AI-powered platform that enhances diligence processes for financial institutions. It identifies gaps in third-party documentation against financial regulations and internal policies, providing a modern solution for conducting thorough fintech partner onboarding and vendor/third-party diligence efficiently and securely.

Key features:

- Document Ingestion: Connect or upload internal documentation to the Vault, including policies, procedures, and contractual obligations for centralized storage of critical compliance documents.
- Discrepancy Identification: Quickly identify discrepancies in third-party documentation against relevant financial regulations and internal policies within minutes.
- Risk Tracking: Triage and track identified risks along with their severity, storing time-stamped risk exceptions and vendor communications for seamless future audits.
- Accelerated Diligence: Conduct thorough fintech partner onboarding and vendor/third-party diligence up to ten times faster than traditional methods.
- Secure Analysis: Strengthen diligence processes with AI without exposing company data, ensuring no company information is trained on or insights passed between customers or third parties.

How it works:

1. Upload or connect internal documentation to Kobalt Labs' Vault.
2. AI analyzes documentation against financial regulations and internal policies, surfacing gaps or discrepancies.
3. Identified risks are triaged and tracked, with all relevant information stored for easy access during audits.

Use of AI:
Kobalt Labs leverages generative artificial intelligence technologies to analyze and interpret complex regulatory documents and internal policies. The platform uses natural language processing and understanding to identify compliance issues and potential risks.

Target users:
- Risk management teams in financial institutions
- Compliance officers
- Due diligence professionals in the financial sector

How to access:
Kobalt Labs is available as a web application, accessible to financial institutions globally.