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.
Wayne, 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 ...
Read moreFacebook has been a case study in how not to handle data. Compliance.ai’s Kayvan Alikhani discusses how companies can navigate the risks and complexities that lie ahead on the artificial intelligence front. There are two schools of thought when it comes to regulating artificial intelligence at the launching point of ...
Read moreIndustry’s First Offering Specifically Designed to Help Create an Enterprise-wide Interaction Data Hub Open Cloud Architecture and Usage-based Pricing Model Make the Solution Ideal for Enterprise IT Organizations and System Integrators MELVILLE, NY (December 10, 2020) – Verint® Systems Inc. (Nasdaq: VRNT), The Customer Engagement Company™, today launched its Engagement Data Management (EDM) ...
Read moreSteele strengthens its position as a leading risk intelligence data platform for identifying and mitigating compliance risk. SAN FRANCISCO & ZURICH -- Steele Compliance Solutions, Inc., the global leader in ethics and compliance management for the world’s largest multinational enterprises and financial institutions, today announced the acquisition of info4c. info4c ...
Read moreCorr-Serve to Distribute Inventa™ AI-based Sustainable Data Discovery and Management Platform in the South African Market Johannesburg, South Africa (December 1, 2020) – Itouch.io, provider of the Inventa™ AI-based sustainable data discovery and management platform for privacy, security and governance, and Corr-Serve, a pan-African distributor of security, performance and governance solutions, ...
Read moreIntegraCall® AI-driven whistleblower platform has a new look: Speeki, a revolutionary but simple, private and secure platform that enables you to engage your stakeholders for honest and actionable insights that ensure compliance and drive effective growth. With Speeki, companies can learn how to grow their business using valuable insights, enjoy ...
Read moreMost financial institutions are already on the path to using artificial intelligence in markets surveillance. NICE Actimize’s David Ackerman explores how this shift will impact compliance and the new skills compliance officers will need to cultivate. As those tasked with financial market compliance will tell you, the vast majority of ...
Read moreFresh from the IFCA’s first International Compliance Congress, Sofia El Mansouri offers an overview of the event’s theme and select highlights from the past week. A successful five-day event came to a close as the International Federation of Compliance Associations (IFCA) ended its first International Compliance Congress on November 20, ...
Read more"Snapshot" report blends AI and human oversight to deliver cost-effective due diligence at scale LONDON, NEW YORK – Refinitiv has launched a new AI-powered due diligence report to help businesses stay on top of the risks associated with increasingly complex supply chains. The data-driven "Snapshot" report offers a quick and cost-effective ...
Read moreEnables Resellers to Boost Offerings with Scalable, Sustainable Data Discovery and Classification New York, NY (November 10, 2020) – Itouch.io, provider of the Inventa™ AI-based sustainable data discovery and management platform for privacy, security and governance, today launched the 1touch.io Channel Partner Program. IT resellers with a large B2C base and more than 2,500 ...
Read moreGuðmundur Kristjánsson, CEO of Lucinity, discusses the recent uptick in AML fines and what this may portend for banks and other financial institutions in the fight against financial crime. The number of fines for anti-money laundering (AML) failures during the first half of 2020 has already outstripped those for the entirety ...
Read more
