How Artificial Intelligence Will Change the Way We Manage Compliance
“Artificial Intelligence (AI) can enable firms to identify regulatory requirements and help them ensure that their regulatory requirements are traced end-to-end to their risk and compliance taxonomy. The AI technology can further assess the regulatory changes, identify the impact on the taxonomy and keep the compliance maps updated at scale and in real-time.
Many challenger banks offering a digital end-to-end retail consumer experience have already built advanced compliance techniques into their operations, and traditional banks need to respond to these competitors or risk obsolescence. AI can help a bank make regulatory compliance its superpower.”