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.
ISF’s Steve Durbin details findings from the firm’s recent Threat Horizon 2021 report, highlighting the top three threats to information security emerging in the next two years.
Read moreDetailsFenergo’s Kevin O’Neill discusses how asset management firms and other financial institutions are being scrutinized more by regulatory bodies with respect to AML/KYC compliance and what can be done to rectify the problem. A recent report found that regulators over the past 10 years have issued over $26 billion in ...
Read moreDetailsTheta Lake’s Marc Gilman reviews some of the key points from a recent FINRA report that resonate for financial institutions and regtech providers. The end of 2018 found the Financial Industry Regulatory Authority (FINRA) busy issuing guidance on several fronts, including the release of a report on "Technology Based Innovations ...
Read moreDetailsPeer-to-Peer (P2P) lending is a relatively recent financial innovation that has taken the lending market by storm and fueled financial inclusion. Tata Consultancy Services’ Sasidharan Chandran discusses P2P business models, associated risks and implications of the crowdfunding industry on the traditional banking setup. Loan-based crowdfunding, also known as peer-to-peer (P2P) ...
Read moreDetailsAcross a variety of industries, more and more companies are building, buying and using artificial intelligence (AI) in their technology services agreements to further their business goals. Studies forecast that by 2021, 46 percent of companies will have implemented AI and will be spending a total of $58 billion on ...
Read moreDetailsThis is the time of year most of us seek to transform our circumstances by adopting better habits. Valerie Charles, Chief Strategy Officer at GAN Integrity, analyzes key ethical and regulatory issues from last year and details three practices companies can implement to improve their compliance programs going forward. The ...
Read moreDetailsEric Johnson, President of Global Investment Markets at Donnelley Financial Solutions (DFIN) outlines six key forces driving change for the financial sector in the year ahead. The financial sector is used to transformation: markets fluctuate, and technology and regulations constantly outpace one another. 2019 is gearing up to be no ...
Read moreDetailsArtificial intelligence could contribute multiple trillions to the global economy in the coming decade, but even while poor data quality becomes increasingly detrimental to businesses’ bottom line, AI is not yet being widely incorporated. Heidi Maher of CGOC discusses the widespread need for AI and machine learning. According to a ...
Read moreDetails2018 demonstrated that cyber threats are far from being tackled. Coalfire’s Adam Shnider discusses how in 2019, we can expect compliance and governmental bodies to set the bar even higher to protect data. While it may appear that enterprise security teams and compliance frameworks have stepped up their game to ...
Read moreDetailsHow to Automate Processes with Cognitive Computing Margin lending involves banks accepting credit, market and liquidity risks simultaneously and the risk is primarily dependent on collateral value that is highly dynamic. In the credit life cycle, a number of banks – even large ones – run their complex processes in ...
Read moreDetails3 Tips to Help Organizations Come Out on Top "Compliance audit" is one of the last things a financial advisory firm hopes to hear, but it’s an inevitable, unavoidable fact of life for most. Fortunately, there are steps financial advisory firms can take to mitigate the requisite time and work ...
Read moreDetailsAs 2018 draws to a close, we’re taking a look back at some of the most valuable insights our authors have shared. In case you missed it, this is one of the articles our readers couldn’t get enough of this year. Risks Presented in Adopting RPA with co-author Barton ...
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