Waymark Tech has successfully secured grant funding from the Small Business Research Initiative (SBRI, part of Innovate UK).
Working in collaboration with Citizens Advice Scotland (CAS), Waymark Tech is developing an innovative technological solution to address the growing burden of keeping abreast of the vast amount of new and changed information that forms the basis of advice given by CAS Advisers. Building on Waymark’s proven AI technical capability, the project will develop state of the art horizon scanning functionality which will systematically ingest information from thousands of pages of source information in their entirety, then utilise unique Natural Language Processing (NLP) technology, specifically multi-document text summarisation, to create first drafts for the content writers to then review before publishing.
The solution will automate large parts of information analysis currently conducted manually, freeing up man power at CAS to focus on the value-add tasks of delivering faster, more accurate and up to date advice and enabling a wider and deeper reach to the service. Once developed and proven, the new solution has the potential to revolutionise and dramatically scale-up the offering of advice globally, in an efficient and cost-effective way.
Waymark Tech is a London based Reg-Tech and Sup-Tech firm. We develop and provide software services using advance AI and NLP for companies in highly regulated industries and advisory firms with clients facing complex regulatory demands, as well as public sector organisations involved in defining and monitoring regulations. For more information visit: https://waymark.tech