Model Card for Model ID

RegLLM is LLM model for regulatory compliance. It has been domain adapted by unsupervised pretraining and instruction finetuned for regulatory compliance. This release focuses on Indian Banking rules and regulations.

Model Details

Model Description

Developed by: dataeaze systems pvt ltd
Funded by: dataeaze systems pvt ltd
Shared by: dataeaze systems pvt ltd
Model type: PhiForCausalLM
Language(s) (NLP): English
License: cc-by-nc-sa-4.0 Model is made available under non-commercial use for research purposes only. For commercial usage please connect at [email protected]
Finetuned from model: miscrosoft-phi-2

Uses

Direct Use

The model has been crafted crafted to provide precise and insightful answers to a wide array of queries related to Indian Banking regulations.

Downstream Use

This model can be used as core component in RegTech application

Out-of-Scope Use

Model has been fine tuned on a specific task of answering questions related to Indian regulatory compliance. Any use beyond this is not guaranteed to be accurate.

Bias, Risks, and Limitations

Bias: Trained for English language only (as of now).
Risk: Guardrails are reliant on the base models Microsoft Phi-2. Finetuning could impact this behaviour.
Limitations: Intended to be a small model optimised for Indian regulations (as of now).

Recommendations

This model is supposed to be used as an assistive AI technology. Kindly consult and verify with the source documents for decision making.
This model should be used with grounding on a set of regulatory documents.

How to Get Started with the Model

from transformers import pipeline
import torch

pipe = pipeline("text-generation", model="dataeaze/dataeaze-RegLLM-microsoft_phi_2-dzcompli",
                torch_dtype=torch.bfloat16,
                device_map="auto")

pipe.tokenizer.pad_token = pipe.tokenizer.eos_token

result = pipe(f"What are the skills that a CCO should have?",
              max_new_tokens=256,
              do_sample=True,
              temperature=0.1,
              top_k=50,
              top_p=0.95)[0]['generated_text']

print(result)

Sample Output

Question

What are the skills that a CCO should have?

RegLLM respose

Instruct: What are the skills that a CCO should have?
Output: The skills that a CCO should have include leadership, communication, and a strong understanding of compliance.
They should also be able to work effectively with other departments and have a good track record of compliance.

GPT-4 response

Reference

For evalating truthfulness / hallucination of this response, refer to RBI notification RBI/2022-23/24 Ref.No.DoS.CO.PPG./SEC.01/11.01.005/2022-23 (page 8)

Screenshot below

As you can see, RegLLM has identified CCO has identified Chief Compliance Officer, while GPT-4 (Copilot) identifies CCO has Chief Commercial Officer. Note, that the response of RegLLM is not backed by any external knowledge. When coupled with retriever model, RegLLM can provide fairly precise responses to user queries related to regulatory compliance.

Keep watching this space for more updates on the model and evaluations.

Model Card Authors

Niranjan Kakade
Atharva Inamdar
Tony Tom
Nayan Chheda
Sourabh Daptardar

Model Card Contact

"dataeaze systems" [email protected]