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Smarsh Rolls Out Compliance AI for Small and Medium-Sized Firms

By Mari Nicholson

Smarsh Rolls Out Compliance AI for Small and Medium Sized Firms

Communications data and intelligence firm Smarsh has launched the Smarsh AI Assistant for its compliance archiving platform, Professional Archive.

Smarsh works with the world’s largest global banks, enabling training of their data for industry-leading artificial intelligence for compliance. This new capability now allows Smarsh to bring a next-generation AI assistant to small and mid-sized firms.

According to the company, Smarsh AI Assistant empowers customers to navigate complex regulatory environments with unprecedented speed and accuracy. Smarsh AI Assistant democratizes high-performance AI for compliance to level the playing field for registered investment advisers, broker-dealers, private equity firms, insurers, hedge funds, and government agencies.

Harnessing over a decade of strategic AI innovation – including partnerships with OpenAI and AWS – Smarsh AI Assistant delivers “a quantum leap in compliance efficiency,” according to Smarsh. The company said the technology can eliminate hours of manual review.

Smarsh AI Assistant will be available to select Professional Archive customers starting in March 2025, with a broader rollout in late 2025. The AI Assistant will be offered as a cost-efficient add-on for Professional Archive customers, ensuring organizations of all sizes can leverage cutting-edge AI compliance technology without compromising on performance, effectiveness, or security.

“Smarsh AI Assistant is a game changer,” said Sheldon Cummings, president, corporate business at Smarsh. “We’re democratizing AI for compliance, equipping every Professional Archive customer – regardless of size or budget – with an elite compliance assistant. We’re proud to enable our customers to work smarter, reduce risk, and protect their bottom line.”

Smarsh AI Assistant flags potential risks while dramatically reducing false positives and manual reviews, according to the company. Features include:

  • Speed, reducing compliance review time from 12+ hours to minutes;
  • User experience, which blends into existing programs and enables users to navigate easily with minimal training;
  • Archived message files across multiple languages, ensuring compliance oversight across diverse communication channels; and
  • Compliance and oversight, staying ahead of evolving regulations with automated, accurate monitoring.

“The strong demand from our customers, 60% of whom ranked this product as the one they are most excited about in a recent user training, demonstrates the urgency for a solution that simplifies compliance without sacrificing power, said Maya Keekattil, vice president and head of product for the Corporate Business Unit at Smarsh.

“We’re not just offering an affordable option; we’re bringing the most advanced AI technology to small and mid-sized firms, enabling them to compete at the same level as the industry’s largest players. I’m excited to be leading this transformation, helping firms save time, reduce risk, and embrace a smarter, more efficient approach to compliance.”