5 Key Questions to Consider Before Implementing New Technology Technology can help mitigate the escalating costs of compliance, but what should you be considering before you select a solution? Our panelists at IIB shared practical guidance:Do you know what your end goal is?Does your thought process include a cost-benefit analysis?Is it scalable? Do you have tons of data?Does it improve the signal instead of make noise?Are you trying to do too much at once? Don’t. AI is not a silver bullet.________________________Exiger’s panel “Emerging Technologies in the Compliance and Risk Functions,” was moderated by Jonathan Ball, Exiger’s Managing Director and Global Head of Analytics and featured:Frank Morisano | Chief Risk Officer, Industrial & Commercial Bank of China, U.S. RegionAlan Williamson | Director, Financial Crime Compliance Advisory, Barclays AmericasBill Collette | Director of Product Management – Finance, Risk & Reporting, Americas, Wolters KluwerWalter J. Mix III | Managing Director, Berkeley Research Group Have any questions or want help with using tech-enabled solutions to tackle your most complex compliance challenges? Contact our team:Jonathan Ball | Managing Director & Global Head of AnalyticsErika Peters | Associate Managing DirectorDerik Reische | DirectorLawrence Uhlick | Senior Advisor——————————————About IIB’s Risk Management and Regulatory Examination/Compliance SeminarThis once-a-year program provides definitive and timely information on key examination and supervisory issues and best practices. It offers an excellent opportunity for experienced officers to be thoroughly updated on new developments and gain practical insights in preparing for examinations. It also gives new officers a solid introduction to the U.S. regulatory system and compliance requirements.
