Imandra’s Post

The RegTech global market has a size of $12.82 billion (2023 data) with an expected growth to $15.80 billion in 2024. RegTech technologies are useful for companies that operates in heavily regulated sectors that require solutions to facilitate regulatory compliance and risk management, such as financial institutions and banks.  But what are the main technologies used and the benefits of this solution?  Find out in this article! #regtech 

We see firsthand at CUBE that mission-critical AI and machine learning technologies address the need to do more, with less. Our report analysing the greatest compliance challenges posed in today’s world for global financial services firms aims to help guide strategic decision-making within compliance departments. We interviewed respected compliance professionals and regulatory experts from across the financial services industry to inform our report. The main compliance issues cover five areas: 🚀 The pace of regulatory change ⚠ Getting ahead of risk 🍃 The ESG divide 🔒 Data privacy and AI 💰 Tighter budgets and rising costs Managing regulatory change continues to be a challenge for most. CUBE’s regulatory inventory, which is the world’s largest in operation, has tracked over 40 million regulatory issuances directly applicable to the banking sector since the 2008 financial crisis. Dr Yin Yin Lü, CUBE’s Global Head of Product, Artificial Intelligence, says: “Ultimately, the best safeguard against out-of-control compliance spend is refitting the function with AI at the heart of regulatory change management. We need to transition to machine-driven and human-validated compliance workflows, with constant feedback loops to ensure that the models stay aligned with the latest data. We need to reimagine what compliance teams are capable of with regard to fostering financial stability and protecting both businesses and consumers.” Thank you to IBS Intelligence for the write up of our press release asking: “Can AI & ML revolutionise compliance in financial services amid regulatory change?” The full report can be downloaded from CUBE’s website at this link: https://bit.ly/4bXqZoq

AI-Powered Compliance: A New Era in Financial Services The financial industry is undergoing a digital transformation, and with it comes a surge in regulatory complexity. To keep pace with these evolving regulations, financial institutions are turning to RegTech solutions. 📌Theta Lake's Latest Innovation Recently, Theta Lake, a leading provider of AI-powered compliance solutions, announced the launch of over 100 new compliance capabilities. This significant development marks a new era in digital communication monitoring, empowering financial institutions to navigate the intricate regulatory landscape with greater efficiency and accuracy. 📌Key Benefits of AI-Powered Compliance ✅Enhanced Accuracy: AI-driven algorithms can analyze vast amounts of digital communication data, such as emails, instant messages, and social media posts, to identify potential compliance risks with unparalleled precision. ✅Increased Efficiency: Automated workflows and real-time monitoring capabilities streamline compliance processes, reducing manual effort and accelerating response times. ✅Proactive Risk Management: By proactively identifying and mitigating risks, financial institutions can avoid costly penalties and reputational damage. ✅Adaptability to Evolving Regulations: AI-powered solutions can quickly adapt to changing regulatory requirements, ensuring ongoing compliance. 📌The Future of Compliance As the regulatory environment continues to evolve, financial institutions must embrace innovative technologies to stay ahead of the curve. AI-powered RegTech solutions offer a powerful tool to navigate this complexity. By leveraging AI to automate compliance processes and enhance risk management, financial institutions can build a strong foundation of trust and transparency. #RegTech #Compliance #AI #DigitalCommunications #ThetaLake #Innovation #FinancialServices #FinTech Perumal Jayakumar JESLIN JOSE K Ciya V S Rupanshu . Vaishnavi Kumari Sahithya T.M Krishan chand Patidar K. Harihara Patro

If our pre-conference prep is anything to go by, the 09:35 panel 'Adopting a holistic approach to regulatory change management' promises to be a 'smorgasbord' of tools, techniques and best practices to stay ahead of an ever-shifting regulatory landscape. I am really looking forward to moderating the discussion with Dawd H. Chris Beevor and Daniele Cordioli, they have some valuable insight and experiences to share with you. Don't miss out, book your place here https://lnkd.in/e9rhrKxf #RTSLDN #regulatorychange #AI #GenAI #horizonscanning #regulatorydevelopments #regulatoryreporting #compliance #storytelling #thoughtleadership

𝐒𝐄𝐂 𝐭𝐨 𝐢𝐧𝐭𝐞𝐧𝐬𝐢𝐟𝐲 𝐟𝐨𝐜𝐮𝐬 𝐨𝐧 𝐚𝐝𝐯𝐢𝐬𝐨𝐫𝐲 𝐟𝐢𝐫𝐦𝐬' 𝐀𝐈 𝐮𝐬𝐞 𝐢𝐧 𝟐𝟎𝟐𝟓 The Securities and Exchange Commission's 2025 examination priorities place a significant focus on the use of AI by advisory firms, scrutinizing compliance policies, disclosures, and potential risks associated with AI use in portfolio management and trading. Other exam priorities for 2025 include Regulation Best Interest and Form CRS. Full Story: https://lnkd.in/es9ThFGs #cavalierassociates #financialintelligencereport #aiusage #portfoliomanagement #technology

𝐒𝐄𝐂 𝐭𝐨 𝐢𝐧𝐭𝐞𝐧𝐬𝐢𝐟𝐲 𝐟𝐨𝐜𝐮𝐬 𝐨𝐧 𝐚𝐝𝐯𝐢𝐬𝐨𝐫𝐲 𝐟𝐢𝐫𝐦𝐬' 𝐀𝐈 𝐮𝐬𝐞 𝐢𝐧 𝟐𝟎𝟐𝟓 The Securities and Exchange Commission's 2025 examination priorities place a significant focus on the use of AI by advisory firms, scrutinizing compliance policies, disclosures, and potential risks associated with AI use in portfolio management and trading. Other exam priorities for 2025 include Regulation Best Interest and Form CRS. Full Story: https://lnkd.in/dgAdkVEy #cavalierassociates #financialintelligencereport #aiusage #portfoliomanagement #technology

🗓️9 May @ 6pm “AI & Regulation” - In Person Event! Women in RegTech New York in collaboration with Rise, created by Barclays present this incredible panel of experts covering the most current dialogue on 🔊🔊Regulating #AI 🔊🔊 #WIRTNY co-founder Mary Kopczynski will facilitate the discussion with: 🎤 Kaitlin Asrow - New York State Department of Financial Services 🎤Lisa Farkovits - Barclays 🎤Joyce J. Shen - TENFORE HOLDINGS CAPITAL MANAG 🎤 Sarah Wallis - FINRA 💻With technology being released at such a rapid pace, how can regulators and law makers create policy and regulation fast enough to ensure the right guard rails are in place. No really…. How are they doing it? ❔What are some of the key current regulations and regulatory frameworks? ❔How is AI regulation being created? What are regulators doing & expecting of those they regulate? ❔What are the implications for the way technology companies are now building solutions w AI? ❔How does this change the way banks think about, buy and build with AI? Register below to secure your place and meet more of the WIRTNY and Rise community in New York! https://lnkd.in/eq6zb69b Kerry Gendron Bhuva Shakti, MS, MBA 🚀 Heather E. Balke Carina Oriel

In 2022, the CFTC Commissioner sponsored the reformed Technology Advisory Committee (TAC) to focus on technology, law, and policy. The Emerging and Evolving Technologies Subcommittee recently delivered a report which studied AI adoption and use by entities under CFTC oversight, including exchanges, clearinghouses, banks, futures commission merchants, swap dealers, managed funds, advisors, introducing brokers, retail foreign exchange dealers, and data repositories. These are referred to as “CFTC-registered entities.”  The Subcommittee report first defines terms such as “responsible AI,” “generative AI,” and “AI governance” and reviews current AI policy, including research and public policies from the United States and abroad. The report then considers the AI Risk Management Framework by the National Institute of Standards and Technology (NIST) and offers considerations for the CFTC to address local and global risks. The Subcommittee presents five recommendations for the CFTC: Recommendation One: Public Roundtable Discussion - Host a public roundtable and engage in outreach with CFTC-registered entities. - Purpose: To gather insights into AI technologies in the sector, develop common frameworks, and build relationships. Recommendation Two: AI Risk Management Framework (RMF) - Define and adopt an AI RMF for the sector, aligning with NIST guidelines. - Purpose: To integrate norms and standards from NIST into regulated industries. Recommendation Three: Inventory of Existing AI Regulations - Create an inventory of AI-related regulations and develop a gap analysis to determine compliance and identify potential risks. - Purpose: To confirm CFTC’s oversight and make compliance levers explicit. Recommendation Four: Alignment with Other Federal Agencies - Establish a process to align AI policies and practices with other federal agencies like the SEC and Treasury. - Purpose: To use best practices and drive interagency cooperation and enforcement. - Audience: CFTC regulators, staff, and other regulatory agencies. - Outcomes: Interagency meetings and cooperation. Recommendation Five: Engagement in AI Dialogues and Capacity Building - Engage staff in domestic and international AI dialogues and establish budget supplements for technical expertise. - Purpose: To build a pipeline for AI experts and ensure resources for responsible AI engagement. #regulation #AI #finance

The Lifeline: How Explainable AI Empowers Financial Services in GRC https://lnkd.in/gRiAK95b John Zugelder, CFA Rich Data Co #ExplainableAI #FinTech #GRC #RiskManagement #AIinFinance

Nearly 8 in 10 Financial Services Firms View AI as Critical to Industry’s Success, Finds New Report from Smarsh PORTLAND, Ore., December 12, 2024--Today, Smarsh, the global leader in communications data and intelligence, published the results of its 2025 Communications Compliance Survey, revealing financial services firms’ top priorities as they balance the potential opportunity of artificial intelligence (AI) with uncertain regulatory requirements and risk management objectives in the year ahead. https://lnkd.in/d6yV6NhH