CENTRL Announces CentrlGPT, The First Of Its Kind Generative AI Solution For Risk And Diligence

CENTRL, a leading provider of third party risk and diligence solutions for the financial services industry, announced the launch of CentrlGPT, a first of its kind generative AI solution to transform the risk and diligence process. CentrlGPT leverages OpenAI’s platform to provide users with the intelligence and the power of Large Language Models. Strategically designed to empower risk and diligence analysts, the CentrlGPT platform will undergo multiple upcoming releases, including response automation, reporting and analytics, to further enhance its sophistication and serve as a valuable copilot in mitigating risk. “We’re excited to launch CentrlGPT, a new generative AI platform leveraging Large Language Models to provide organizations with enhanced risk insights during their review process,” said Shailesh Alawani, VP of Product Management at CENTRL. “We believe that this technology is especially well suited to transform the diligence process. We plan to make ongoing investments in this technology to empower assessors and responders, in scaling their risk processes and bringing consistency to their approach. We believe that CentrlGPT represents a significant step forward for risk management, and we are excited to work with our clients to help take diligence automation to the next level.

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”Today, CENTRL is announcing the launch of Smart Evaluation (SE) powered by CentrlGPT. Smart Evaluation is designed to help risk analysts by automatically evaluating incoming questionnaires and documents and flagging high risk items for review. The SE engine is trained on large amounts of domain specific data and uses the model to evaluate questionnaire responses in real-time. The model then raises flags and provides supporting rationale. Due diligence teams will save valuable time by reducing manual reviews of all questions and documents and focus instead on high risk items and take action. Additionally, users can interact with the model by providing input and entering notes which the model uses to further train its algorithm and refine its approach. “Risk Management solutions have historically struggled to deal with text, forcing users to sift through pages of material to identify risks. With CentrlGPT, you can finally tackle these challenges head-on. By harnessing the latest advancements in AI, CentrlGPT automates the entire review process, providing a more consistent approach to policy enforcement and freeing up valuable time for risk management professionals. We’re confident that our solution will be a game-changer for organizations looking to take their risk management processes to the next level,” stated Joe Maguire, CENTRL’s Lead Product Manager.

CENTRL is a leading third party risk and diligence platform for financial institutions worldwide. Its solutions deliver significant efficiency improvements and enhanced risk oversight to diligence teams across banking, investment management and other verticals. The CENTRL platform offers the most advanced and comprehensive features including deep workflow automation, analytics, reporting, collaboration, and content management. The CENTRL platform is used by some of the largest banks and investors across the Americas, Europe and APAC.

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