In this insightful session at the SECP Consultative Session on Risk Management and Corporate Strategies concerning Insolvency, Kanwal Cheema shares her insights on how Artificial Intelligence (AI) is transforming the landscape of corporate risk management, financial assessment, and insolvency strategies. She dives deep into how AI-driven solutions streamline workflows, improve compliance, and enable better decision-making in a rapidly changing economic environment.
Key Takeaways:
- Early Detection of Financial Distress – AI can predict insolvency risks by analysing financial ratios and corporate reporting patterns.
- Regulatory Compliance & Reporting – AI tools identify compliance gaps and inconsistencies, ensuring precise adherence to regulations.
- Contract & Risk Analysis – AI helps analyse legal contracts, spot loopholes, and assess risk factors linked to financial instability.
- Predicting Litigation Outcomes – AI evaluates historical legal precedents to anticipate litigation risks, preparing businesses for potential legal challenges.
- Reducing Bias in Decision-Making – AI mitigates unconscious bias in corporate governance, ensuring fairer and more accurate decisions.
- AI-Powered Tools in Pakistan – Solutions like Waqeel AI, Munshi, and Park Laws are already enhancing legal research, financial risk management, and corporate compliance in Pakistan.
Kanwal Cheema emphasises that while AI will not replace professionals, it is becoming an essential tool in modern corporate strategies, offering increased accuracy and efficiency in managing financial risk and insolvency.
