EY India launches automated regulatory tool to streamline financial compliance

Built on Snowflake’s unified platform, EY India ART automates the entire reporting lifecycle, enhancing financial institutions’ efficiency, governance, and audit readiness by securely processing diverse data with AI-powered validation, reconciliation, and compliance features

EY India has unveiled the EY India Automated Regulatory Tool (EY India ART), a cloud-native solution designed to simplify regulatory reporting for banks and financial institutions across India. The tool aims to enhance compliance with directives from key regulatory bodies such as the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI).

Transforming regulatory reporting with automation

Built on Snowflake’s unified platform, EY India ART automates the entire reporting lifecycle, including data ingestion, validation, transformation, reconciliation, and final submission. This end-to-end automation helps financial institutions reduce manual efforts, accelerate turnaround times, and improve governance and audit readiness. Leveraging Snowflake’s AI Data Cloud, the tool enables secure and scalable processing of large volumes of financial data, integrating information from diverse sources while ensuring compliance with regulatory standards through built-in governance, encryption, and anomaly detection features.

Pratik Shah, Partner and National Financial Services Leader at EY India, highlighted the tool’s ability to automate up to 80% of the reporting process, reducing effort by 40% and speeding up completion by 35%. He emphasized that EY India ART not only facilitates regulatory compliance but also allows financial teams to focus more on strategic insights and risk management.

Future-ready and scalable compliance solution

Nimilita Chatterjee, Partner in Risk Consulting at EY India, described the tool as a breakthrough in regulatory technology, enabling faster, more accurate compliance while supporting innovation within the financial sector. Snowflake’s Dhiraj Narang, Director and Head of Partnerships in India, added that the platform’s scalability and security make it well-suited to meet the growing demands of India’s rapidly evolving digital economy.

EY India ART is designed to be platform-agnostic and adaptable, supporting integration with various data environments. Upcoming AI-enabled features aim to further enhance predictive compliance and proactive risk monitoring, positioning the financial sector for a more resilient and future-ready regulatory landscape.