Risk Event Extraction uses AI to structure risk events from narrative sources, enabling a current risk register, by extracting events from incidents, audit findings, and loss records, across risk assessment and monitoring.
Risk events are buried in incident reports, audit findings, and loss records written in free text. Capturing them into the risk register by hand is slow and inconsistent, so the register lags reality and trends are missed.
The AI performs extraction on incident reports, audit findings, loss events, and control issues, returning structured risk event records ready for the register after review.
Shortens risk event capture time and increases the share of risk events recorded with complete attributes.
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