Survive to Thrive: Risk and Compliance
How have technology priorities changed as a result of the pandemic?
In the areas of financial crime compliance, cybersecurity, and operational risk, COVID-19 is having the effect of accelerating trends that were already underway: increasing efficiency, automating processes and analysis, and moving systems to the cloud.
- Efficiency is taking on even greater focus with reduced on-site workforces and mandates to meet tighter budgets.
- Automation leveraging AI toolkits is key to efficiency and to ensure continued compliance and risk operations with reduced workforces.
- Cloud deployment of compliance and risk systems supports the remote workforces which are needed to maintain operations during the pandemic, provide cost efficiencies, and support AI and smart automation.
Recorded June 24th