To keep up with regulatory changes many financial institutions are significantly staffing up their risk and compliance desks with new hires. It’s an expensive solution that is generally delivering mediocre results.
But some FIs are taking a better tack. They are investing in cognitive technology to transform the way their compliance departments operate, allowing smaller tech teams to focus on higher-value activities; shifting them from information gatherers to information analyzers.
In this webcast, we’ll discuss how banks can apply cognitive capabilities to proactively manage the lifecycle of ever-changing regulations, and reduce associated costs.