Source: RegTech Analyst
Joseph Schifano, Global Head of Regulatory Affairs at Eventus, made an appearance on the DerivSource podcast, ‘Living the Trade Lifecycle’.
Within the ‘Professional Pivots’ series, he deliberated on the technological transformations influencing compliance experts and offered insights on adapting to these changes.
Chief compliance officers find themselves constantly challenged to optimise operations and stretch limited resources. Given the ongoing push for better efficiency, businesses are contemplating how technological advancements can enhance automation, streamline operations, and bolster data analytics, enabling compliance experts to swiftly identify and counteract potential risks.
This shift towards technology is not unfamiliar to compliance divisions. Dating back to the emergence of electronic trading, compliance experts had to adopt tools like Excel for data analytics. Presently, financial organisations are exploring sophisticated technologies, such as artificial intelligence (AI) and machine learning (ML), to assist in compliance and market surveillance tasks.
There are three notable trends that highlight how the landscape of compliance is evolving….
Read full article: https://member.regtechanalyst.com/how-compliance-departments-are-adapting-to-a-new-era/
