Technology Driven Compliance

The Sarbanes-Oxley Act of 2002 (SOX) changed the way the U.S. looked at managing risk and compliance in the investment banking technology space. It is hard to believe that we soon will see the 15th anniversary of SOX. The Dodd-Frank Wall Street Reform and Consumer Protection Act, meanwhile, is in its sixth year of existence. While many changes have occurred in the technology landscape since 2002, one element has been constant: risk and compliance remain at the core of the banking industry as institutions continue to grow and deliver new, complex service offerings in this highly regulated environment. "With the emergence of artificially intelligent technologies, we must be mindful that these are tools and strategies that can be used to manage risk" As the scope of compliance continues to increase, the technology used to support this expansion also has an opportunity to grow.