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.
How to Overcome Technological Roadblocks What a time to work in the GRC field: new technologies are constantly emerging to help companies meet their regulatory obligations. At the same time, many fragmented requirements have piled up over time. Chris Ekonomidis, Head of U.S. Business Consulting at Synechron, discusses the three ...
Read moreDetailsEmbracing New Technologies Fenergo’s Laura Glynn discusses how banks around the world are embracing a more digitalized and transformative approach to compliance and, indeed, client life cycle management. Read Part 1. The global financial services industry is currently on the brink of a massive technological disruption. Financial institutions are now ...
Read moreDetailsThe Value of Big Data A crucial shift is underway in the financial services industry when it comes to regulatory compliance; cultures are changing, and new value is being created for banks and their customers because of AI technology. Grace Brasington of Watson Financial Services discusses the role technology can ...
Read moreDetailsPutting Plans Into Effect As tech evolves, so too does the compliance landscape, and keeping up can prove quite the challenge for many businesses. Here, we share trends and predictions from Anthony West, CTO at Actiance and an expert in electronic communications compliance. While 2017 was spent frantically preparing for ...
Read moreDetailsDriving Down Risk, From the Cubicle to the C-Suite Effective employee engagement and reporting is key to accountability and effective risk management. So why are we not paying more attention to how today's workforce prefers to communicate? with co-author Jay R. Taylor, CEO of EagleNext Advisors We are entering an ...
Read moreDetailsThe Inherent Risk (and Reward) of Innovation This year, cybersecurity officers must rethink their end-to-end security ecosystem. Top priority will be identifying and addressing evolving vulnerabilities to people, processes, technologies and service providers. It's time both to re-evaluate the overarching security strategy and to take a more security-minded approach from ...
Read moreDetailsLike Achilles or Sampson, the power and potential of AI has a weakness, a vulnerability. In the case of financial services that weakness is its opacity. In general, the better the machine learning system, the blacker the box - that is, the harder it is to decipher what is going ...
Read moreDetailsHow IT Can Leverage AI to Prevent Major Cybersecurity Incidents The need for artificial intelligence (AI) in IT governance, risk and compliance (GRC) is growing quickly. As companies expand their digital footprints, cybersecurity vulnerabilities worsen due to an increased amount of data being produced from IT security monitoring and performance ...
Read moreDetailsKey Considerations for Your Next Compliance Tech Dun & Bradstreet's Global Regulatory Strategist outlines six key traits compliance professionals should be on the lookout for when evaluating next-gen compliance solutions. In an increasingly global economy where pressure for cost control is high, accessibility to broader data and advanced technologies can help compliance ...
Read moreDetailsThe 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 moreDetailsKey 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 moreDetailsUsing 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 ...
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