A neat new feature in the new year: DEX RS and ChatGPT.

DEX RS and ChatGPT

DEX Data Explorers launches a new version of DEX Regulatory Suite (DEX RS) with integration with ChatGPT.

DEX Regulatory Suite is DEX Data Explorer’s solution for regulatory reporting and Customer Due Diligence. ChatGPT is OpenAI’s chat function that is taking the world by storm. ChatGPT can be used to build chatbots for a variety of applications, such as customer service, online assistance, and entertainment.

In the new version of DEX Regulatory Suite you can get extra information about the data you’re looking at using the OpenAI GPT-3 language model, which is also behind ChatGPT. As a user of DEX RS and DEX for CDD you can select any item in a report and get additional information generated by ChatGPT.

Based on the information in the selected item ChatGPT generates an answer.

If you wish you can ask follow-up questions:

This way you can more insight in what’s behind the data in your reports.

How does it work?

The integration between DEX RS and ChatGPT is an optional feature. In order to be able to use this feature you will have to open account at OpenAI and enter a key provided by OpenAI in DEX RS.

When you click on an axiselement or cell in DEX Regulatory Suite, DEX RS will construct a question to ChatGTP using?the names of axiselements and the value of the cell. ChatGTP will generate the answer using the asked question and the GTP-3 language generation model.?GPT-3 (short for "Generative Pre-trained Transformer 3") is a language generation model developed by OpenAI. It uses machine learning techniques to generate natural language text that is similar to human writing.

You have to keep thinking for yourself

We’ve added this optional feature in DEX Regulatory Suite because we think it can provide you with valuable background knowledge. Nevertheless, it’s always good to keep thinking for yourself. We are aware that the answers provided by ChatGPT sometimes are not correct. However, in the majority of cases ChatGPT provides you with background information that’s really useful and gives real added value. But, if you want to use ChatGPT’s information as a basis for decision making we advise you to always use another source to check the information provided.

About DEX Regulatory Suite

DEX Regulatory Suite is DEX Data Explorer’s solution for regulatory reporting. DEX Regulatory Suite supports the following regulations:

• Sustainable Finance Disclosure Regulation (SFDR)
• Securities Financing Transaction Reporting (SFTR)
• EMIR
• MiFID ii
• CRD iv (COREP, FINREP, Funding Plans, Asset Encumbrance, Supervisory Benchmarking Portfolio)
• AnaCredit
• Monthly security reports
• MESRAP
• Residential Real Estate
• Deposit Guarantee Scheme
• Social Economic Reports
• Dutch Digital Reporting (DRA)
• Solvency
• IORP ii
• Country Risk
• Financial assessment scheme (FTK)
• Premium pension institutions (PPI)
• Tax reporting (VIA, Fatca)
• Prospectus data
• Financial Services Compensation Scheme (UK)

About of DEX Regulatory Suite for CDD

DEX Data Explorers has developed DEX Regulatory Suite for Customer Due Diligence (CDD). The software supports organizations that fall under the Wwft to properly implement their CDD policy. The solution is designed in such a way that someone who has less experience with conducting CDD research can still carry out a good investigation.

Below we list some key features of DEX Regulatory Suite for CDD:

• System where a full CDD search for both natural persons and non-natural persons can be performed.
• The system supports the process; someone without much CDD experience is guided through the study.
• Source documentation can be stored with the study, bundling the conducted study with all relevant documentation.
• Changes in SIRA, Policy, processes can be implemented directly in the system so that the organization remains compliant.
• The control measures can be monitored for correct and timely implementation.
• Management reports can be retrieved from the system.

Addition Knowledge House and DEX Regulatory Suite

Addition Knowledge House?(www.addition.nu) is a reseller of?DEX Regulatory Suite. Addition Knowledge House delivers the following services with regards to DEX Regulatory Suite:

• implementation support
• maintenance
• business process outsourcing

Each situation is unique. Addition Knowledge House will be happy to discuss how we can support your process in an optimal way.

DEX Data Explorers has developed DEX Regulatory Suite. For more information about DEX Data Explorers visit https://dataexplorers.nl.