Mid-tier information technology (IT) services firm Birlasoft has partnered with automation and intelligence platform Regulativ.ai to co-develop a new artificial intelligence and machine learning (AI/ML) based cyber-regulatory reporting platform.
The co-developed platform will help regulated enterprises gain deeper understanding of their cyber regulatory compliance risks and provide them with actionable reports to mitigate risks and ensure compliance, the company said in a statement.
The partnership underlines Birlasoft’s focus on banking, financial services, and insurance segments.
“Birlasoft and Regulativ.ai’s co-development partnership is strategic in our goal of delivering innovative platform-based solutions that address the needs of customers across banking, financial services, and insurance industries where cybersecurity and compliance are top priorities.” Shilpa Bhandari, SVP and global head - BFSI, Birlasoft said.
Regulativ.ai specializes in cybersecurity, data, and digital transformation using AI and ML capabilities. Its automation and intelligence platform collects data from multiple sources with its integration plugins, using natural language processing (NLP) techniques, to generate reports as well as narratives for any submissions or internal reporting. It produces visual and narrative reports for internal purposes and prepare AI assisted submissions for regulatory and compliance purposes.
It also helps organizations adjust their cyber insurance premium based on a data driven risk modelling; predict and identify breaches based on cyber control framework and data, and manage inbound regulatory and compliance submissions.
Pune-based Birlasoft is part of the multibillion-dollar diversified CK Birla Group. The company currently has over 10,000 employees.
It recently entered into a contract with Houston-based software firm Riversand to act as the implementation partner for Riversand’s Master Data Experience (MDxP) platform. In August last year, the mid-tier IT services firm announced it has partnered with Microsoft to drive its customers’ cloud-based digital transformation journeys. The cloud alliance allowed Birlasoft to use Microsoft Azure to boost its digital offering, while scaling its Microsoft cloud business to $100 million by focusing on delivering end-to-end services on Azure and the Microsoft 365 platforms.
In July 2020, Birlasoft partnered with Innoveo, a technology software provider, to strengthen its domain and digital capabilities. It signed a $240 million deal with medical device manufacturer Invacare in 2019 for its digital transformation initiative.