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.
Many view Chinese and Western approaches to AI regulation as oil and water. While significant differences exist, there is more overlap than one might think. As the U.S. considers its own approach, we may see more agreement and less technological balkanization.
Read moreAutomated analysis of big data and new sentiment processing are opening doors for fraud investigators to home in on wrongdoing faster and with more discretion. Though still not a silver bullet, these pattern identification techniques have brought investigation techniques to a new level.
Read moreDeal Marks Texas-Based Software Provider's Third of 2021 After Company Acquired ContractRoom and AdvancedLaw Texas-based Mitratech recently announced its latest acquisition, GRC platform Alyne. Terms of the deal were not announced, but the acquisition is Mitratech's third this year, including contract lifecycle management platform ContractRoom and legal hiring service AdvanceLaw. ...
Read moreAs financial market regulators work to eliminate market abuse in today’s digital and remote work environments, Shield’s pioneering Alert Transparency provides financial organizations with comprehensive compliance analysis Tel Aviv, Israel (August, 11 2021) – Shield, the world’s leading Workplace Intelligence platform for compliance teams, today announced it is unveiling powerful ...
Read moreThere's no doubt that AI in hiring has the potential make HR processes more efficient. But implementing this technology also carries with it significant risks that can nullify any workflow gains and carry outsized downstream consequences. Artificial intelligence (AI) technologies hold so much promise for the workplace. Technologies exist that ...
Read moreProduct Innovations Include Simplified Regulatory Compliance, Advanced IT and Cyber Risk Quantification and AI-Powered Next-Generation Vendor Risk Management San Jose, CA (August 3, 2021) – MetricStream, the market leader in integrated risk management and governance, risk management, and compliance (GRC), today unveiled its latest software release, Brazos, which includes a myriad ...
Read moreSome make it seem like automating compliance functions is a question of do or die. But if anyone hopes to have a seat at the table, they need to understand the risks involved – along with the evolving set of AI regulations in finance they will need to follow. AI ...
Read moreStrategic Alliance Combines the Power of Technology and Experienced Reviewers to Control and Understand Legal Spend HOUSTON (July 8, 2021) – Onit, Inc., a leading provider of enterprise workflow and artificial intelligence platforms and solutions, including enterprise legal management, contract lifecycle management and business process automation, today announced that it has entered into ...
Read moreFinancial institutions can leverage machine learning to make an array of functions faster, more accurate and more efficient. But deployment is just the first step. In the end, machine learning governance makes or breaks the efficacy of any system. In today’s banking and financial services world, we are rebuilding many ...
Read moreSEATTLE – June 17, 2021 – Lexion, an AI-powered contract management system, announced an oversubscribed $11 million Series A round led by Khosla Ventures, with participation from existing investors Madrona Venture Group and Wilson Sonsini, bringing the total invested to $15.2 million. Kanu Gulati from Khosla Ventures will join Lexion's ...
Read moreWayne, PA (June 8, 2021) – QuantaVerse, which uses AI and machine learning to automate financial crime identification and investigations, is offering HRER Fast Start to banks interested in cutting costs and improving the accuracy and consistency of their high-risk entity review program. In no more than 60 days,* QuantaVerse can launch HRER and return the first month of QuantaVerse ...
Read moreCombination will enable law firms, enterprises and service providers to reliably and efficiently identify and manage sensitive and privileged data in an integrated intelligent suite CHICAGO and NEW YORK (May 27, 2021) – Relativity, a global legal and compliance technology company, today announced that it has acquired Text IQ, a Top ...
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