The latest tech news in wealth management across North America.

LogicManager
LogicManager, a provider of enterprise risk management software, is partnering with Compliance.ai, a regulatory platform focused on using natural language processing and other tech to serve the financial services industry.

LogicManager adds Compliance.ai's regulatory content to its integrations library within its platform.

The partnership comes at a time when the number of individual regulatory changes banks must track on a global scale has more than tripled since 2011, while banks and other financial institutions have spent nearly $321 billion on compliance enforcement actions (from 2007 until 2016).

"We're excited to provide LogicManager customers direct access to Compliance.ai's curated regulatory content - including millions of rules, proposed rules and enforcement actions - all across multiple jurisdictions with the key document attributes already extracted, so users can automatically map changes to internal policies and workflows," Kayvan Alikhani, co-founder and CEO of Compliance.ai, said.

Banks and credit unions can access applicable regulations and real-time updates on relevant changes. Natural Language Processing technology auto-tags and categorizes regulatory content.