Large global financial institutions are utilizing advanced technologies like never before to help manage their regulatory compliance needs, driving major efficiencies within compliance, risk, and internal audit functions in the process.
Prompted by the COVID-19 pandemic, the financial services industry, like all industries, had no choice but to come up with new and innovative ways not only to interact with people but also continue to conduct site visits, even in the face of stay-at-home orders and global travel restrictions. So, it’s not surprising 100 percent of respondents to a recent global banking study conducted by FinTech research firm Burnmark, in partnership with RegTech provider CUBE Global, called 2020 “a year of major transformation for their organization.”
