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.
With a Series C on the books, Blue dot (formerly VATBox) will expand operations across North America and double its workforce over the next year. The company offers an AI VAT recovery automation system, among other solutions. The tax compliance platform Blue dot today announced it has secured a Series ...
Read moreExpansion to Speed and Simplify Search, Analytics and Accessibility Of Enterprise Communications Data AWS-hosted and AI-powered Platform Greatly Improves Speed and Accuracy for Data Retrieval of Email, Messaging, Voice Communications and Structured Data to Help Customers Meet Compliance Obligations NEW YORK (April 6, 2021) – Behavox, which uses AI to enable ...
Read moreNew Solution to Reduce Compliance Risk for Wealth Management, Insurance Firms Selected by leading global financial services organizations, SURVEIL-X Suitability is powered by new risk detection capabilities which address complex regulatory requirements Hoboken, NJ (April 6, 2021) – Financial services organizations that provide investment advice and which sell life insurance, ...
Read moreAs the pandemic starts to recede, compliance officers face a Channel Explosion: more data streams than ever before, which makes monitoring risk in a diverse IT environment harder than ever. And of course, this challenge comes amid an increasingly complex regulatory environment and at a time when we're all striving ...
Read moreWe're facing a "Channel Explosion" these days, which means we're challenged to monitor more data streams than ever -- and we must do it in the new era of the hybrid workforce. Technology can play a critical role here. Here's how an AI-driven solution can enhance financial services compliance while ...
Read morePalo Alto, CA (March 4, 2021) – Stoke Talent, a leading freelance management system, announces today the release of its Worker Classification Engine. This artificial intelligence algorithmic screening solution is able to offer early detection of high-risk independent contractor (IC) and/or freelancer relationships, which may lead to costly misclassification penalties ...
Read morePlatform’s First Feature Empowers Sales to Quickly & Efficiently Close Deals Seattle, WA (March 1, 2021) — Strike Graph, a compliance automation startup, today announces the launch of its new AI technology platform. The first feature on the new Strike Graph AI platform is the ability to answer each question ...
Read moreIn the financial services sector, compliance processes are often reactive, rather than proactive. But new technology use cases are changing that. Northern Trust’s Dan Houlihan discusses how the compliance field will evolve thanks to AI, blockchain and better data management practices. As new regulations emerge globally, compliance requirements for financial ...
Read moreThe COVID-19 pandemic has created urgency for organizations to ramp up digital adoption, but as they pivot entire service lines, digitalize operations and automate processes, they create unintended compliance risks. Baker & McKenzie’s Jessica Nall explains. The digital transformation of businesses around the world has been a steady, incremental evolution. But ...
Read moreRegulatory agencies around the world emphasize the importance of mitigating risks through adverse media screening. In fact, screening for negative news has become an important component of a comprehensive program to determine the level of risk that customers, prospects and business partners may pose to organizations. But relying solely on ...
Read moreWayne, PA (January 5, 2021) – QuantaVerse, which uses AI and machine learning to automate financial crime identification and investigations, finished 2020 well-positioned for continued growth in 2021 due to its dedicated focus on solving AML challenges and a commitment to innovation. In 2020, QuantaVerse introduced a series of technology enhancements to its AI-powered ...
Read moreSponsored Storing data is essential, but with a huge number of electronic communications channels being used today, there is a greater danger of illegal behavior going unnoticed if archives fail to proactively monitor for potential issues. Shield’s Oliver Bradford examines the need for intelligent search tools and proactive automated systems to cope ...
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