AI’s ability to process large volumes of data with speed and accuracy can potentially transform regulatory compliance — but not without attendant risk and challenges. In the short term, the technology can be used to assist business leaders to understand compliance requirements easily and take apposite action, but circumventing human intelligence and our ability to think ethically and abstractly makes AI’s role in compliance controversial and complex.
Platform enhancements provide greater automation to mitigate financial, compliance risk ATLANTA (May 26, 2020) – Oversight, the global leader in spend management technology, today released the latest version of its spend optimization platform, which is designed to reshape the way organizations identify, prioritize and resolve financial and compliance risk in their card and ...
Read moreFraud levels increase in times of economic distress, and the global pandemic is creating a once-in-a-lifetime opportunity for financially rewarding mischief. H5’s Sheila Mackay discusses what companies can do to quickly identify and prevent fraud. The Brewing Storm As companies strive to adjust to the altered state created by the ...
Read moreFirms need not throw away long-established governance principles to adapt to AI/ML. Rather, as Mayer Brown’s Reginald Goeke, Stephanie Monaco and Leslie Cruz share, companies can modify their existing model risk management systems to address issues raised by AI/ML tools. As the financial services industry increasingly turns to the use ...
Read moreAccess Partnership’s Seha Yatim contributes to the discussion on tech policy trends, offering predictions for increased data-sharing regulations this year. Our data is collected by almost every service we use. Many companies, from social media platforms to content platforms, e-marketplaces and search engines, rely on an advertising-driven, data-tracking business model ...
Read moreFrom augmented analytics to financial transformations and a broader view of risk, Oversight Systems CEO Terrance McCrossan offers predictions on the risk trends we can look for in the months ahead. At the beginning of 2020, we could not have imagined our world gripped by a pandemic with far-reaching effects ...
Read moreSujata Dasgupta provides an analysis of the upcoming Dutch AML utility – currently under feasibility study – and how it can open up a new world of possibilities in unified transaction monitoring. In the wake of rapidly rising financial crimes, regulators across the globe have toughened their stance on compliance ...
Read moreImplementing conversational AI as part of your organization’s recruiting process doesn’t have to be difficult. Mya Systems’ Mike Pauletich discusses how to make it happen. Conversational artificial intelligence (AI) is widely recognized as an essential component of the modern HR technology landscape, yet purchasing and implementing a recruiting AI solution ...
Read moreDisruptive innovation has a clear impact on the half-life of companies’ business models. Protiviti's Jim DeLoach discusses how industry disruption and digital transformation present a new frontier of opportunity and risk that is shaping – and speeding up – business model changes. Disruptive change has been present throughout recorded history, ...
Read moreSimona Lipstaite and Michael Clauser of Access Partnership consider early-stage artificial intelligence regulations in the U.S. and EU, as well as their implications for companies operating globally. The clock is ticking on the European Union to legislate artificial intelligence (AI). The new European Commission President, Ursula von der Leyen, has ...
Read moreWhat happens when employees add a few out-of-policy expenses? If reports are reviewed manually, these items might slip right on through, but an AI solution can help flag them. Anant Kale and Josephine McCann of AppZen highlight some of the craziest expenses they’ve seen. Employees who are unfamiliar with your ...
Read more2020 promises to be a year of significant opportunity and change for organizations, as well as for the governance, risk and compliance (GRC) functions that support them. MetricStream’s Gaurav Kapoor discusses trends and changes to expect this year. New innovations in artificial intelligence (AI) and other disruptive technologies, coupled with ...
Read moreAI is often credited with making work easier and more efficient, but few organizations have a framework in place for its ethical use within risk management and compliance programs. Deloitte’s Irfan Saif and Maureen Mohlenkamp explore how to rectify that issue. Think of artificial intelligence (AI) ethics as the organizational ...
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