Previously used only by major global banks, advanced AI technology for professional archives is now available to small and mid-sized businesses through Smarsh AI Assistant.
Smarsh, a company specialising in communications data and intelligence, has introduced a new AI-driven solution – AI Assistant for Professional Archive, which facilitates compliance with regulations for small and middle-sized businesses (SMBs).
The Smarsh AI Assistant quickly analyzes compliance risks with high accuracy, speeds up compliance reviews, and translates and reviews messages and communications in multiple languages for better compliance monitoring, saving businesses time and effort. This tool is primarily designed for financial firms such as investment advisors, brokers, hedge funds, insurers, and government agencies.
The new tool will be available to select customers in March 2025, with a full rollout later in the year. It will be an affordable add-on for Smarsh Professional Archive users.
The Smarsh Professional Archive is a comprehensive compliance archiving platform designed to help businesses manage and monitor their electronic communications from over 80 communication channels effectively. It captures, indexes, and stores various communication data, including emails, social media interactions, instant messages, and collaboration tools, ensuring all records are easily retrievable and compliant with industry standards. This platform is particularly well-suited for industries with stringent regulatory requirements, such as finance, healthcare, and legal sectors.
Sheldon Cummings, President of Corporate Business at Smarsh, stated that the AI Assistant was a game-changer. He explained that the company was making top-tier AI technology accessible to businesses of all sizes, regardless of their budget.
Maya Keekattil, VP and Head of Product, added that more than 60% of their customers had expressed significant excitement about this product. She emphasized that it simplified compliance without compromising quality and allowed small and mid-sized firms to compete on the same level as the industry’s largest players.
Smarsh is a private software company specializing in compliance and risk management solutions for electronic communications. Founded in 2001 by Stephen Marsh, it is headquartered in Portland, Oregon, and operates globally. The company offers innovative tech-driven tools for compliance monitoring and e-discovery, enabling organizations to meet regulatory requirements and manage risks effectively. Smarsh serves over 6,500 clients worldwide, ranging from small businesses to multinational banks, particularly in highly regulated sectors like financial services and government agencies.
