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 compliance and regulatory risk


5 Ways AI Can Help Financial Services Compliance

#artificialintelligence

Technology is changing at rapid speed. But if there's one area outside of IT where workers are feeling breathless from trying to keep pace, it's compliance -- specifically compliance regulation and the myriad technologies that address it. Think of the 2014 movie "The Imitation Game," in which a team of mathematicians spent an entire day trying to crack the Russian code, only to start from square one the next morning. That should give you a sense of the pains faced by present-day compliance officers. Compliance doesn't refresh each day as the example suggests, but the changes in regulations are copious and labor-intensive.