Kaplan acquires AI compliance provider
Kaplan has acquired automated compliance solutions provider for Australian financial services firms, Red Marker.
Kaplan Australia and New Zealand managing director, Rob Regan, said the acquisition would enable it to apply compliance solutions through the use of artificial intelligence.
“We are investing in real-time learning with the aim of further equipping advisers with the tools they need to maximise their success in a rapidly changing landscape,” Regan said.
“Adding Red Marker to the Kaplan portfolio will accelerate the development of personalised and adaptive learning engines in the financial services sector.”
Kaplan Professional and Red Marker had been developing the Artemis solution in the lead up to the acquisition to help advisers create and share compliant digital content. Artemis could detect “risky” content as it was developed, helping advisers and licensees detect and rectify compliance risks that arose with the promotion of financial products and services.
Kaplan Professional chief executive, Brian Knight, said artificial intelligence would enable clients to ensure their advisers were providing reliable advice, adding machine learning-based compliance solutions were vital in Australia.
“This is a game changer as it goes beyond AI and machine learning and combines micro-training to enable advisers to remediate problems as they arise in real time, ultimately leading to a true culture of compliance,” Knight said.
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