Cardamon

Cardamon: AI-Powered Compliance Co-pilot for Financial Firms

What is Cardamon? Cardamon is an AI-powered compliance co-pilot designed to help regulated financial firms launch products 10X faster by automating compliance processes. It empowers compliance teams by automating away highly manual and repetitive regulatory compliance tasks.

Key Features:

• Obligation Mapping: Get from regulatory text to your firm's obligations in minutes instead of months. Cardamon uses AI to evaluate obligations in seconds and generate risk tags based on your risk taxonomy. It even takes it a step further by generating controls.
• 'Last Mile' Compliance: Stay in full control with a suite of features to save, edit, and export the mapping to deliver that 'last mile' of compliance for a product-ready state. Assign team members, edit the output for customisability, save mappings for later review, and download as a CSV to integrate into your workflow.

How does Cardamon work?

Cardamon works by using AI to automate the process of regulatory mapping. This involves taking regulatory text and identifying the obligations that a firm has to meet. Cardamon can do this in minutes, rather than months, which is the traditional way of doing things. Once the obligations have been identified, Cardamon can then help firms to generate controls to meet those obligations.

Coverage:

Cardamon offers extensive coverage of complex regulations across multiple jurisdictions, including:

• UK: FCA, MLR, and more.
• Europe: MiFID, MiCA, and more.
• US: SEC, FINRA, and more.

If Cardamon doesn't have your regulation, you can request it, and they'll add it.

Why choose Cardamon?

Cardamon helps financial firms to:

• Save Time: Save over 500 hours on manual, repetitive tasks each year per compliance officer.
• Cut Costs: Save over $100k on average on inefficient manual work & outsourced consultants.
• Centralize Compliance: Use one platform to track all applicable regulations, obligations & controls.

Who is Cardamon for?

Cardamon is designed for regulated financial firms that want to launch products faster and stay compliant. It is particularly well-suited for firms that are subject to complex regulations in multiple jurisdictions.

Practical Value:

Cardamon helps firms navigate complex regulatory landscapes, reduce manual work, and accelerate product launches.

Best way to stay compliant?

The best way to stay compliant is to use a tool like Cardamon that can automate the process of regulatory mapping and control generation. This will help you to save time and money, and it will also help you to ensure that you are meeting all of your regulatory obligations.

FAQ’s:

• Is Cardamon for me? Contact Cardamon to find out if it’s a good fit for your specific needs.
• How does it work? Cardamon automates regulatory compliance tasks using AI.
• Why are you better than ChatGPT? Cardamon is specifically designed for regulatory compliance, unlike general-purpose AI like ChatGPT.
• What jurisdictions are covered? Cardamon covers UK, Europe, US and other regions.