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Risk assessments, paired with emerging technologies, can supercharge compliance

Joe Mont | June 4, 2018

A common theme emerged throughout several sessions devoted to risk management at the recent Compliance Week 2018 conference. Yes, the data you collect when prioritizing risk is important. How that data is collected, however, is only half the battle.

If data is locked in silos, or haphazardly analyzed, it may do very little good. 

Likewise, emerging technologies offer amazing potential for compliance programs. They too are only as good as the data you feed them and how those technologies dovetail with traditional business flows. 

Using risk-based metrics to drive your compliance program is becoming a necessity given changing hiring trends, says Jason Cropper, vice president for business development at Mitratech, a provider of legal and compliance software.

In the aftermath of the financial crisis, there was a boom in the hiring of compliance personnel. Faced with both past sins and a future regulatory tsunami, firms scrambled to add bodies to their...

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