FIRESIDE CHAT SERIES

Reinforce Regulatory Compliance With Cognitive Technology

Avoid the common pitfalls of regulatory compliance programs

June 29th @ 1 PM EST

30 minutes

Avoid the common pitfalls of regulatory compliance programs that result in operational inefficiencies, lack of alignment between business and the risk and compliance teams, as well as potentially produce costly fines and reputational damage. In this era of simultaneous impacts like disruptive innovations, digital transformations, expanding regulatory boundaries, and diverse business mandate, continuously evolving the building blocks of your programs is critical.

Pivot your regulatory compliance programs using cognitive technology to:

With work from home, bring your own device (BYOD), cloud adoption, an extension of enterprise boundaries, and sophisticated attack strategies like ransomware, the information security attack surface has significantly expanded. This has resulted in an exponential increase in the scope of controls and policies as well as the number of risks and incidents faced by organizations.

With the expansive amount of information security challenges companies face, they have struggled to prioritize where to focus and how to pinpoint weaknesses. Information security programs need to ensure that their security breach prevention strategies are comprehensive and effective while their spending is optimized to focus on the higher risk areas. 

One of the biggest challenges looming over information security professional is regulatory change management. The pace of change and the compounding effect of the change on the organization is overwhelming. Throwing more resources at this problem and/or implementing workflow tools has not helped as evident by the increasing cost of compliance and non-compliance. 

4CRisk Information Security solution provides predictive analytics-driven decision-making insights, which work to complement the organization’s existing information security frameworks and tools to:

4CRisk Information Security Management solution is an Artificial Intelligence (AI) driven solution extracting relevant GRC intelligence and connecting to the company ecosystem in real-time.

provide end-to-end transparency to business stakeholders

align external obligations to strategic and foundational elements

adopt a more holistic and scalable approach to reduce the risk

develop a corporate culture of awareness

reduce monotonous and repetitive tasks

have regulatory intelligence at your fingertips

achieve operational excellence and resiliency

build trust with management, the Board, and regulators

In this series we hear from industry experts about innovative practices and guiding principles of regulatory governance & compliance programs. Proactive governance & compliance programs help companies navigate constantly changing regulatory, internal, and external risk environments.

Session Topic

Cognitive Technology: The Future of Compliance

Artificial intelligence is rapidly excelling in being able to simulate human intelligence. It has immense potential to enhance compliance programs, especially with the increasing complexity, the accelerated speed of change, and the increased scrutiny of internal and external stakeholders. If harnessed correctly, trained Artificial Intelligence systems can help visualize end-to-end traceability even in dynamically changing regulatory environments. It augments and facilitates decision-making by bringing efficiency, effectiveness, and agility to your compliance programs. AI promotes the creation of next-generation technology-oriented GRC initiatives that set the foundation for your compliance programs to thrive in the future.

GUEST EXPERT

Jessica McDermott

Principal Director, Accenture

Jessica is a leader in the risk and compliance function. She has over 20 years of experience in Financial Services and demonstrated success in driving transformational change. She has extensive experience in resolving regulatory actions, reshaping risk and control environments, delivering enterprise-wide policy and technology change, and increasing operational efficiency. Her areas of expertise include enhancing controls of financial products and activities through business, risk, and regulatory program management.

Jessica McDermott

Principle Director, Accenture

Jessica is a leader in the risk and compliance function. She has over 20 years of experience in Financial Services and demonstrated success in driving transformational change. She has extensive experience in resolving regulatory actions, reshaping risk and control environments, delivering enterprise-wide policy and technology change, and increasing operational efficiency. Her areas of expertise include enhancing controls of financial products and activities through business, risk, and regulatory program management.

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