Toronto’s Arteria AI has partnered with Compliance Systems, the financial industry’s leading provider of dynamic compliance documentation, to introduce an integrated solution to address the needs for better documentation processes for today’s community financial institutions.
With this strategic partnership, the same cutting-edge technology that has been so transformational for the industry’s largest banks will now be accessible to community banks and credit unions, regardless of asset class.
Arteria AI, a contracting system that was spun out of Big Four firm Deloitte, raised a $11 million Series A venture funding round in 2021 led by by Illuminate Financial and Information Venture Partners
This new integrated joint solution will leverage aspects from both the Compliance Systems and Arteria technology platforms to provide customers with streamlined, compliant digital documentation in a single solution giving them enhanced collaboration, workflow and data capabilities while driving efficiency and operationalizing the data within their documents.
With decades of experience serving banks and credit unions of all sizes and backgrounds, Compliance Systems is trusted by hundreds of institutions across the U.S. to help them meet their documentation compliance and legal needs while mitigating risk and redundancies.
Built by technologists, scientists, lawyers and financial services experts, Arteria AI’s platform has been deployed at some of the largest, top-ranked financial institutions around the world, focused on accelerating documentation and data processes to deliver fast and accurate documentation experiences to customers, while lowering the cost and risk of doing business.
Together, the two leading fintech companies bring an innovative product built and tested for the largest and most innovative institutions to the broader banking market.
“We are excited to partner with Compliance Systems to offer this transformational solution and address today’s documentation challenges and needs,” said Shelby Austin, Co-founder and CEO of Arteria AI.
“For community financial institutions, so many critical business activities are driven by documents and the data within them, but often the most powerful solutions have been out of reach. With this new offering, we can help community banks and credit unions level the playing field with fast, intelligent document processing capabilities that streamline operations and reduce inefficiencies, giving better insights and enhancing both compliance and the documentation experience.”
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