Claude, Meet CRaiG: Transforming Financial Services with the First Industry-Specific AI Offering from a Major AI Lab

Claude for Financial Services represents a transformational shift in AI capabilities and, by extension, business performance, for FinServe companies—through its specialized models, training approach and guardrails. This platform, the first-of-its-kind from a major AI lab, is already helping leading FinServ companies successfully and securely solve real-world challenges such as risk analysis, regulatory compliance, and customer engagement. 

Anthropic’s thoughtful approach to training and robust guardrails is part of what makes Claude a perfect fit for financial services companies. The platform balances utility with security, allowing FinServe companies to apply Anthropic’s market-leading models, while still maintaining the highest levels of trust, responsibility, and compliance. 

Turing’s selection as a launch partner for Claude for Financial Services reflects our company’s deep expertise in the financial services industry, enterprise credibility, and, most notably, proven track record in strategic AI implementation.

For financial services companies, competitive advantage lies not just in the power of the model, but how an organization implements, operationalizes, and integrates AI into their business. In the finance industry, this includes the ability to build applied AI systems that account for regulatory nuance, internal workflows, and human-in-the-loop decision-making.

One of the first applications available on Claude for Financial Services is Turing’s  Compliance Requirements Generator (CRaiG)—an always-on compliance agent that helps FS product managers quickly and consistently define requirements for complex financial products.

CRaiG eliminates many of the existing bottlenecks within a manual requirements process. For example, traditionally product managers would need to coordinate directly with compliance teams to define product requirements amid complex, ever-changing regulations. The high volume of requests—often from dozens or even hundreds of product managers—would often overwhelm compliance teams, causing delays, repeated revisions, while also  introducing errors and inconsistencies.

CRaiG leverages Turing’s existing compliance expertise to streamline this process, automating many aspects of the workflow, such as explaining complex regulatory language in simple terms and auto-generating new product requirements documents (PRDs).

For instance, when creating a new online mortgage product, CRaiG will generate the necessary requirements for common, relevant regulations, such as the Truth in Lending Act (TILA), Home Mortgage Disclosure Act (HMDA), or California Consumer Privacy Act (CCPA), among others. It can also respond to direct requests for more detailed information and answer specific questions posed by the product manager or compliance leader.

CRaiG also monitors the regulatory landscape continuously. When regulations are updated, the tool will automatically alert teams to possible conflicts, making it easier for companies to remain compliant, avoid potential penalties and reduce risk.

CRaiG acts as an always-present compliance expert, reducing the need for review and refinement from both product managers and compliance teams. This leads to quicker, more consistent outputs, while ensuring continuous compliance.  

• Reduces the number of iterations and approvals.
• Unlocks faster time to market without compromising safety.
• Enables human-in-the-loop review to provide the compliance team with final sign-off.

• Ensures all product managers generate accurate, consistent product requirements.
• Enhances compliance through the combination of automation and human review.
• Improves legal defensibility through transparent, explainable outputs.

• Continuously monitors created product requirements for potential issues related to changing regulations.
• Ensures the product remains compliant throughout its entire lifespan.

The future of AI lies not just in advancing powerful models, but in applying them through thoughtful, high-impact, industry-specific solutions. We are proud to be on the cutting edge of this next evolution of AI, shaping a more intelligent future with Anthropic and our financial services clients.