Applying Artificial Intelligence for a New Age of Risk and Compliance Management
- TYPE: Keynote DATE: Wednesday, February 28, 2018 TIME: 16:40-17:00 LOCATION: maX 1
Misguided, mismanaged and misunderstood. How to provide easy to understand key information supporting fundamental C-Level decisions in the years ahead?
Due to the sheer mass of available data organisations are missing an ongoing and real time monitoring of external and internal data and information allowing them to identify internal weak points (e.g. compliance failures, risk management issues, etc.), provide an early detection of risk relevant web content and comprehensively communicate the actual risk situation to all management levels.
Recent social, ethical and legal developments urge corporations to tackle compliance (regulatory, conduct, social, environmental, etc.) as a top management priority. An enormous amount of destructive venom continues to pour out from all corners of the planet, fingers point to blame everywhere. Grandstanding or not, public statements can cause enormous shocks and risks.
Top managers around the globe are waking up to their personal exposure to regulatory risk. New regulatory regimes in almost all industries ensure that senior management will be held personally responsible, and personally financially liable, for their firms’ in-effectiveness related to compliance issues.
In present troubled times top executives and boards are flooded with information making it difficult to take the right decision within the short time available. Thus, they are eager to receive most recent information and predictive assessment results in a simple, easy to understand and interpret fashion.
The FS industry spends over $ 70-80bn/y on compliance. Applying smart and flexible AI solutions to compliance processes (e.g. back office, regulatory content management, KYC, AML, etc.) can reduce cost up to 50% and increase efficiency up to 30%.
To achieve such results firms need a corporate wide AI strategy and solution focus which combines tailored-to-fit artificial intelligence and machine learning methodologies with respective predictive models and ensures all forward-looking management information is presented via its strikingly intuitive and informative dashboards.
- Registration fee:
- Contact person:
Mr. Levent Kara
+49 211 23707710
- Feb 28 - Mar 01, 2018 Frankfurt, Germany