As regulators clamp down and criminals become more sophisticated, the roles of Chief Compliance Officers and Chief Risk Officers are becoming more complex. CROs and CCOs are the strongest lines of defense for financial institutions, but in order to carry on protecting their firms, they must embrace technology to keep ahead of the risks. In the season 6 finale of Financial Futures, we speak with Senior Manager of Advisory Technology Risk at Deloitte, Niv Bodor, and Senior Vice President & Group Executive at FIS Compliance Suite, Kyle Gardner, about the evolution of compliance and risk.
Show Notes
As regulators clamp down and criminals become more sophisticated, the roles of Chief Compliance Officers and Chief Risk Officers are becoming more complex. CROs and CCOs are the strongest lines of defense for financial institutions, but in order to carry on protecting their firms, they must embrace technology in order to manage the ever- increasing number of risks they face. But what are the solutions keeping them a step ahead of the fraudsters? And how are these technologies affecting CROs and CCOs day-to-day?
In the season 6 finale of Financial Futures, we speak with Senior Manager of Advisory Technology Risk at Deloitte, Niv Bodor, and Senior Vice President & Group Executive at FIS Compliance Suite, Kyle Gardner, about the evolution of compliance and risk. We dig into the current and emerging issues affecting CROs and CCOs and take a look at how technologies such as AI are helping to tackle crime and keep institutions compliant.
We discuss how contemporary issues such as free-trading platforms and the prevalence of the work-from-home model are creating new challenges for CROs and CCOs. We also look at how the changing demands of regulators are putting firms under increased compliance pressures and reveal how AI could hold the solution. And we find out how institutions can utilize unstructured data to help fight fraud. We'll also ask:
- How are changing trader demographics affecting the role of CROs and CCOs?
- What are the emerging risks to the capital markets beyond the pandemic?
- How will CROs and CCOs have to change to meet the demands of regulators?
- Why is people-power alone not enough to keep up with modern risk and compliance issues?
What is Financial Futures?
The way we move money is changing. Fast. We want control at the touch of a finger-print. We want to send money in real-time – to the other side of the world. We want everything in one place, integrated, seamless and on our devices. Ubiquitous, embedded, fast, standardized, frictionless and secure. Global finance trends are hurling towards a unanimous conclusion.
These are our Financial Futures.
Each episode, we size up the bleeding edge of fintech innovation and explore the trends that are already transforming the way the world pays, banks and invests across the globe. And the mechanisms we’ll need to prosper in this brave new landscape.
Is the world’s technology up to the challenge? Are we?