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Five-step guide to choosing the right compliance technology

Joe Mont | October 20, 2018

The left-right-left, rope-a-dope that pummeled companies and their compliance functions during the Financial Crisis and the ensuing “regulatory tsunami” created a massive boom in the hiring of compliance personnel. 

Experts say that post-Crisis hiring phase has, largely, drawn to a close and compliance officers are now, instead, keen to do more with fewer resources. They want to be smarter, not bigger.

A step toward that goal lies in the adoption of new technologies, notably data analysis and automation. Emerging technologies like artificial intelligence, blockchain, robotic process automation, natural language learning, cloud-based services, and machine learning are pushing into the compliance landscape. Connected and integrated data promises to transform enterprise risk management, enabling the business and its compliance function to better predict trends, flag anomalies, and proactively avoid crisis.

A well-planned and supported integration of cutting-edge...

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