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.
In the context of the pandemic and its associated challenges, the assurance functions have become more than a little challenging. Experts in investigations, data science, and applied AI provide a practical approach to support day-to-day compliance. Each crisis brings profound organizational disruptions in the corporate world, whether perceived as opportunities ...
Read moreInventa™ Platform Recognized for Its Sustainable Approach to Data Discovery and Classification New York, NY, October 14, 2020 -- Itouch.io, provider of the Inventa™ AI-based sustainable data discovery and management platform for privacy, security, and governance, today announced that it has been named “Enterprise Risk Management Solution of the Year" in the fourth ...
Read moreNew technology and efficiency enhancements further differentiate QuantaVerse’s Financial Crime Investigation Report QuantaVerse leverages interpretable machine learning to enrich AML risk determinations Wayne, PA (September 9, 2020) – QuantaVerse, which uses AI and machine learning to automate financial crime investigations, has enhanced its Financial Crime Investigation Report (FCIR) so AML cases can be accurately ...
Read moreIs AI the answer to effective risk management? IsoMetrix’s John Castner details why companies need to stop focusing on predictive analytics and instead prioritize removing a siloed risk management approach to deal with the impact of COVID-19. As industries push to leverage technology, in today’s COVID-19 world, many are looking ...
Read moreWhile AML and CFT aren’t necessarily simple matters, training on these topics can be made overly complex. Compliance pros Gustavo Fideney and Alvaro Ruiz Ostos offer a more accessible interpretation. Webinars On AML: Harsh Times Everyone talks about how important anti-money laundering (AML) and combating the financing of terrorism (CFT) ...
Read moreWith digitization fueling innovation and change, two questions arise: Is internal audit adjusting quickly enough to innovate and embrace underlying technologies, and should executive management and the board care? Protiviti’s Jim DeLoach discusses. In a world of rapid change on almost every front, in which organizations must adapt and grow ...
Read moreThe Xceed AI cloud-native platform revolutionizes AML and fraud prevention for financial services organizations of any size, dramatically accelerating their cloud and digital transformations Hoboken, NJ (August 19, 2020) – NICE Actimize (Nasdaq: NICE) today announced the launch of its newest platform, NICE Actimize Xceed, which integrates best-in-class AI, data intelligence, behavioral analytics and insights ...
Read moreThe use of AI is projected to grow exponentially in the near future. James Bone discusses what this means for internal audit and outlines the key elements of an AI audit framework. Artificial intelligence has become a national strategic imperative for countries as diverse as China, Russia, the U.K., France, ...
Read morePatented AI-powered data solution provides the largest real-time source of negative news and risk information, including watchlist and sanction lists, adverse media and state-owned entities SAN FRANCISCO (July 14, 2020) – Steele Compliance Solutions, the global leader in ethics and compliance management, today announced the worldwide launch of “Risk Intelligence Data,” ...
Read moreSan Francisco, CA (June 24, 2020) – Compliance.ai recently announced the addition of three leading industry experts to its advisory board – adding expertise in banking, legal and RegTech. Compliance.ai also launched new capabilities to further support compliance professionals in their day-to-day regulatory change management process. Joining the advisory team ...
Read moreThe pull of artificial intelligence is strong, but there are serious ethical questions that must be addressed in certain fields. Nexdigm’s Director of Intelligent Automation and Accelerated Analytics Service, Amit Kumar, considers the implications of using AI solutions in health care. “Ethics is knowing the difference between what you have ...
Read morePlatform 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 ...
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