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How next-generation technologies are transforming governance, risk and compliance

Insights on Business

Today, governance, risk and compliance (GRC) is being transformed by not only rapidly-evolving regulatory standards and growing costs of non-compliance, but also by the clear and present need for greater GRC adoption/engagement – by the first line of defense – while delivering added value by empowering business users.

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Survey shows that tools with strong user experience are key to better risk management across the enterprise

Insights on Business

Today, risk-awareness and risk averse behavior is the responsibility of everyone in the firm, so staff need to be able to engage in the common goal of regulatory compliance. Continued change can create lag in the organization between existing compliance capabilities and latest regulatory demands.

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Western Union On How Automation And Cloud-Based Infrastructure Can Help Streamline Payments

PYMNTS

Offering a secure payment experience requires rigorous authentication or time-consuming behind-the-scenes security checks, which can often conflict with customers’ collective desire for an Uber-like frictionless experience. FIs must also ensure that the transaction is compliant with regulatory requirements.

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As regulations and risk grow, IBM Watson expands further into RegTech

Insights on Business

Current risk and compliance systems are disparate and disconnected, often with varying taxonomies, user interfaces, and skill requirements. Today, during the Watson Financial Services Summit for Risk and Compliance, IBM announced significant advances to the portfolio to address these challenges. OpenPages 8.0 Financial Crimes.

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20 Banking Realities for 2020

Gonzobanker

New regional banks will struggle with operational maturity and customer experience. While the whizzes in finance and credit can scale fast, the worlds of operations, information technology (IT) and digital cannot. The talent arms race is beginning to cut into progress on operating efficiency. CEOs need to force a change.

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Top 5 Decision Management Posts for 2020: AI to Platform

FICO

The ROI will come not only from efficiency in the operations themselves but also from cost of capital and stability gains throughout the enterprise. It is possible to increase resiliency without increasing operating costs. The winning strategy will be: to improve the mapping and monitoring of the supply chain.

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Financial Crime: Technology can Transform Compliance

FICO

Visma Connect recently interviewed Jürgen Krieg, FICO's head of global compliance sales. In this excerpt from that article, Jürgen elaborates on the importance of compliance. . At FICO, I am responsible for planning and implementing growth strategies to develop new markets, and the expansion of our compliance business globally.