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.
The Driver Behind Enterprise Situational Awareness Intelligent automation is an emerging solution to enable intelligent decision-making at the strategic level, but it doesn’t necessarily have to be complex or require cumbersome new infrastructure. In fact, since overly complicated approaches to intelligent automation tend to result in project failure, simplicity may ...
Read moreKey Challenges and Benefits of AI Machine learning and artificial intelligence have become buzzwords in the financial services industry. Daniel Fernandez helps to break down the difference between the two terms and explains how these technologies are being used by compliance departments today. By delving into how these technologies work, ...
Read moreUsing Artificial Intelligence to Minimize Risk Money laundering continues to be a serious concern for financial institutions across the globe, as legacy technologies allow an unacceptable number of illicit transactions to go unidentified. However, many forward-thinking financial institutions have begun working smarter by using artificial intelligence (AI), dramatically improving the ...
Read moreCompliance departments already monitor emails for nefarious keywords, but expecting even the biggest compliance departments to monitor all communication in real time is arduous and nearly impossible using only human capital. Unless they’re using artificial intelligence.
Read moreLimiting Risks in Adopting AI Enterprises and consumers are poised to adopt artificial intelligence in 2017. But along with many potential benefits, AI increases the attack surface, placing additional strain on the already thinly spread cybersecurity workforce. Finding and developing security professionals with the right skills and training is essential ...
Read moreSince the costs of legal violations and reputational damage can be crippling, an effective C&E Program is required to protect shareholder value. But adequate Board oversight and support are essential.
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