The bank said the AI tool - Source of Wealth Assistant (SOWA) marks a major leap in automating regulatory compliance, reducing reporting time from 10 days to just one hour. SOWA is designed to help relationship managers swiftly generate comprehensive and standardised SoW reports. These reports are critical in understanding a client’s background, including their career history, investment activities, and business ventures - a process that traditionally involved manually reviewing hundreds of pages of financial documents such as tax notices, payslips, property valuations and corporate filings.