Tennis Finance, an AI-powered compliance solutions provider, has joined the NayaOne Tech Marketplace. It facilitates consistent compliance monitoring that helps banks and financial institutions ensure best practices for marketing and customer communications.

“We are thrilled to embark on this partnership with NayaOne, a move that represents a significant leap forward in our mission to transform financial compliance and products with AI. Together, we aim to set new benchmarks for innovation and efficiency, helping financial institutions navigate the complexities of regulatory compliance and product improvements with ease and confidence. This partnership underscores our commitment to delivering cutting-edge solutions that make a tangible impact on our clients’ operational excellence and bottom-line results.” Jake Pimental, Co-Founder and CEO, Tennis Finance.

“I am delighted to welcome Tennis Finance to the NayaOne Tech Marketplace. Strong compliance monitoring practices are crucial for banks and financial institutions to avoid penalties and reputational damage. Tennis Finance not only automates compliance monitoring but also reduces the costs and time required, contributing to a higher bottom line.” Varun Resh Marketplace Manager, NayaOne.

The financial industry is fraught with complex regulatory requirements, where non-compliance can lead to severe financial penalties and reputational damage. Tennis Finance addresses this critical challenge by offering AI-driven solutions that scan marketing sites, policies, advertisements, and customer communications to ensure that materials and communications adhere to regulatory standards.

Key Benefits that Banks and Financial Institutions Gain Through Tennis Finance’s Solutions

• AI-Powered Compliance and Trends Scanning: Customisable LLMs efficiently scan and identify compliance issues in real time, significantly reducing manual oversight and errors. Organisations can scan thousands of conversations within a couple of hours.
• Reduced Regulatory Risks: Tennis Finance’s services prioritise the detection and resolution of compliance issues, reducing the risk of penalties and enhancing brand integrity. It gives banks and FIs the ability to scan through thousands of conversations to find compliance issues and detect where customers are dissatisfied.
• Automated Workflows: Tennis Finance’s tool condenses a month of manual review work into a couple of hours. As a result, it streamlines compliance processes, saving thousands of person-hours and accelerating product time-to-market.
• New Opportunities for Innovation and Growth: By automating compliance workflows, Tennis Finance enables institutions to focus on core business functions, ensuring that compliance does not become a bottleneck to innovation and growth.
• Comprehensive Trends Analysis: Tennis Finance provides insights into product trends from customer conversations. Organisations can gain information on how their products are performing month after month and in real-time, helping them make proactive decisions that help them fix issues, increase customer retention and satisfaction, improve NPS scores, and achieve their revenue goals while adhering to regulatory requirements.
• Regulatory Safeguard Enhancement: The company increases financial institutions’ ability to meet regulatory demands confidently and effectively with proper compliance oversight.

Tennis Finance Saved Thousands of Dollars Through Automated Compliance, While Ensuring an Over 95% Success Rate

Working with an enterprise, Tennis Finance was able to improve its compliance monitoring processes, saving it time and resources. It was able to complete a process that cost $16,000 in human resources and required a month of work in just a couple of hours while providing a >95% success rate on the first pass. In addition, Tennis Finance was able to share trends across product and issue types, providing deeper insights and measuring trends on a real-time basis.

Integrating Tennis Finance’s AI-driven compliance and data tooling with NayaOne’s Digital Sandbox environment offers clients a unique testing ground for compliance monitoring oversight. Collaborative development of new, innovative compliance solutions tailored to the evolving needs of the financial sector. Enhanced market reach and service offerings, benefiting from NayaOne’s established presence and Tennis Finance’s cutting-edge technology. This partnership is poised to deliver unparalleled value to the market, setting new standards for efficiency, product improvements, and compliance oversight in the financial industry.