Your CFO Is Calling: What Are the Risks of Answering?
Security tactics need to match fraudsters’ increasing sophistication
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Tag: Artificial Intelligence (AI)
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.
Throwing Bodies at AML Compliance Doesn’t Work, but Are You Asking the Right Questions About AI?
Labor shortage and increased attention from regulators could spell disaster if AI is deployed like a firehose
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News Roundup: Confidence in AML Lags, but So Do Budgets
Crypto industry falls as sector most targeted for fraud; legal tech market expected to reach $50B by 2027
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News Roundup: Ethical Culture Alone Doesn’t Guarantee Compliance
CCI staff share recent surveys, reports and analysis on risk, compliance, governance, infosec and leadership issues.
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A Strong Foundation: Taking Responsible AI Implementation From Theory to Practice
If your company isn’t already using AI, it almost certainly will be in the near future. But it’s not like flipping a switch, and doing it wrong could expose your organization to extreme risk, especially in the heavily regulated finance sector. Katie Twomey of Illumen Capital shares a comprehensive guide ...
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AI Regulation Takes Shape: A Look at the EU and US
Simona 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 ...
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Why Digitally Fit Internal Audit & Compliance Functions are Vital for the Fourth Industrial Revolution
The Fourth Industrial Revolution is coming, and organizations must bolster their internal audit and compliance functions now to keep pace and minimize risk.
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NICE Actimize Introduces AI-Powered SURVEIL-X Suitability
New 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, ...
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Using AI and ML to Detect Corruption and Fraud Schemes
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 ...
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Is the Metaverse in Your Future?
It may be on the back-burner, but companies shouldn’t ignore the metaverse
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Biometrics Aren’t Just for FinServ
Biometrics, including facial recognition, can help beef up security across many industries
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Survey: Internal Audit Staffing, Budgets Bounce Back
55% of audit teams using AI or weighing whether to adopt the technology
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