#Japan #Tokyo #AI Compliance #Open Inc. #RoboRobo

Introduction

In today's fast-paced business environment, regulatory compliance is crucial for organizations to mitigate potential risks associated with partners and clients. Open Inc., a subsidiary of Open Group Co., Ltd. located in Minato-ku, Tokyo, has unveiled an innovative AI agent service integrated into its RoboRobo compliance check platform. This release is set to revolutionize how businesses assess compliance by introducing a scoring system that moves beyond traditional methods.

Evolution of Compliance Checking

Traditionally, verifying counterparties' compliance required significant human effort, involving extensive manual examination of diverse information sources. This labor-intensive approach proved to be cumbersome, especially when dealing with unnamed corporations or sole proprietors with no existing credit history. Recognizing these challenges, RoboRobo's compliance checking system employs Intelligent Automation to automate the collection, analysis, and scoring of information, thereby transitioning from merely confirming details to enabling AI-driven transaction judgments.

The AI Scoring Functionality

The newly released AI agent service offers a comprehensive risk scoring report that quantifies the risk levels of companies and individuals based on five key dimensions:

• - Violent crime prevention
• - Financial stability
• - Social credibility
• - Compliance integrity
• - Governance soundness

This scoring system leverages various data sources, including news reports, public registrations, lawsuits, bankruptcies, and social media, to deliver a consolidated risk level. Additionally, users can engage with the system through a chat interface for consultation on risk assessments, making the process more interactive and user-friendly.

Key Features of the AI Agent Service

1. Risk Scoring: The AI agent evaluates multiple databases, including internet data, media reports, and social media, to provide numerical assessments of institutional risk.
2. Inclusive Scoring for New Entities: Businesses lacking existing credit information, such as newly established firms and independent entrepreneurs, can also receive AI-driven risk scores.
3. Consultation Support: Users can discuss potential contract risks and make informed decisions in a chat format, referencing the scoring report.

Future Prospects and Benefits

What sets RoboRobo's compliance check service apart from its competitors is its ability not only to present risk information but to translate it into quantifiable scores, bringing a new level of objectivity to risk management. As businesses navigate the complexities of compliance, RoboRobo seeks to supplement traditional credit analysis with its AI-driven assessments encompassing various risk dimensions.

The goal is to drive the operational workload for compliance checks toward approaching negligible numbers, thereby enhancing decision-making speed and minimizing biases in human judgment. RoboRobo aims to establish an innovative risk assessment framework that combines compliance, anti-social behavior checks, and scoring processes.

Upcoming developments will include a new composite rating for potential business partners by merging the AI risk score with the existing credit evaluation. This advancement is pivotal in attaining a holistic risk management platform that accelerates digital transformation (DX) in the compliance sector.

About RoboRobo Compliance Check

The RoboRobo compliance check tool serves over 9,000 companies, specializing in anti-social checks through a cloud-based platform. Its standout features facilitate efficiency while managing legal and compliance operations:
1. Comprehensive Database Access: Users can search across various information sources, such as newspapers, the web, social media, credit information databases, and more, all within a single tool and click.
2. Cost Efficiency: The service offers a competitive pricing model, starting from approximately 300 yen per check, accommodating routine and massive check-ups.
3. Automated Service Integration: The platform can seamlessly integrate with various services, using APIs and RPA to enhance individual workflows.
4. Utilization of Generative AI: Features like AI focus assessment and article summary tools support efficient decision-making for managers.
5. Contracts Management: Users can visualize the status of active and expired contracts for ongoing risk management.

For further details, visit the service site at RoboRobo Compliance Check.

Company Contact Information

For inquiries regarding the service, please contact:
Open Inc. RoboRobo Division, Marketing Department (Attn: Sekine)
E-mail: [email protected]
Website: Open Inc.

Company Overview

• - Headquarters: KDX Nishishinbashi Building, 3rd Floor, 3-3-1 Nishishinbashi, Minato-ku, Tokyo
• - Established: July 2013
• - CEO: Gaku Ishii
• - Capital: 300 million yen
• - Business Focus: Information processing services, consultancy utilizing smart robotics (RPA, AI), outsourcing, digital marketing, and online advertising.