Ascent的动态

Let’s dive into the importance of saving “Time” because, as we all know, “Time is Money.” Every day, around 30 to 40 significant regulatory changes are published, potentially impacting your business. Staying compliant and mitigating risk is crucial for achieving your business goals. Click the link below to discover how we can help you identify your obligations, streamline the change management process, reduce risk, and ensure compliance. #Regtech #Fintech #LegalTech #LegalInnovation #LegalAI #LegalAutomation

Generative AI is revolutionizing how banks handle risks and stay compliant. I stumbled upon this eye-opening article by McKinsey & Company and it's really interesting how they talk about tech that's simplifying processes. But what does this mean for financial services? It's a golden opportunity to take client experience to the next level. Check the full article here https://lnkd.in/dcyShBQH #GenerativeAI #RiskManagement #Compliance #Innovation

Generative AI is set to revolutionise productivity across industries, with #FinancialServices leading the change. From streamlining analytics to automating tasks and processing data, #GenAI is reshaping Banking operations, including #RiskManagement and #RegulatoryCompliance. However, to use its full potential, organisations must establish guardrails around its use. In McKinsey & Company?latest article, they look into how financial institutions can develop a strong strategy for integrating gen AI into risk and compliance management, ensuring both efficiency and regulatory adherence. Read more here ??

In a plethora of ways, generative AI is already changing how banking functions operate, including how financial institutions manage risks and stay compliant with regulations. Success in utilising this technology lies in adopting a focused, top-down approach, starting with high-priority use cases aligned with strategic objectives. Building a gen AI ecosystem, integrating with enterprise-grade tools, and fostering cross-functional collaboration are vital for scaling applications effectively. #GenAI #RiskManagement #Compliance #Innovation

Interesting article from McKinsey that's capturing the transformative potential of generative AI within the banking industry (attached). It got me thinking about how Pega's GenAI Blueprint seamlessly aligns with this narrative, offering a practical solution in how GenAI can assist application development. Here at Rulesware, we truly value this synergy and bring a thoughtful approach to designing and delivering solutions that can realize this vision.

Gen AI has the potential to revolutionize the way that banks manage risks over the next three to five years. It could allow functions to move away from task-oriented activities toward partnering with business lines on strategic risk prevention and having controls at the outset in new customer journeys, often referred to as a “shift left” approach. Author expect gen AI to empower banks’ entire risk and compliance functions in the future. This implies a profound culture change that will require all risk professionals to be conversant with the new tech, its capabilities, its limitations, and how to mitigate those limitations. Using gen AI will be a significant shift for all organizations, but those that navigate the delicate balance of harnessing the technology’s powers while managing the risks it poses can achieve significant productivity gains.

Generative AI (gen AI) is revolutionizing the financial services sector, paving the way for enhanced productivity and efficiency. From streamlining analytics to automating manual tasks, gen AI is reshaping banking operations and transforming risk and compliance management. In their latest article, McKinsey delves into the transformative potential of gen AI and its impact on risk and compliance functions. While it's crucial to establish guardrails around its usage, gen AI presents immense opportunities for improving effectiveness and efficiency within these functions. Discover how banks can leverage gen AI to build a flexible and powerful approach to risk and compliance management. There are some key considerations for function leaders in embracing this groundbreaking technology. Read the full article here: [How Generative AI Can Help Banks Manage Risk and Compliance](https://lnkd.in/e9Jy6mKB) #GenerativeAI #FinancialServices #RiskManagement #Compliance #Innovation #ProductivityGain #BankingOperations #FutureOfWork

McKinsey's exploration of how generative AI can enhance risk and compliance management in banking is insightful. The article talks about the potential of AI to transform traditional approaches, emphasizing its role in predictive analytics and decision-making processes. By leveraging generative AI, I believe banks can navigate complexities more efficiently, ensuring robust risk management strategies. Check this piece as it highlights the critical intersection of innovation and risk mitigation in the financial landscape through new-age technology. #generativeAI #banking #riskmanagement

AI is revolutionizing the finance industry, processing mass data at unprecedented rates. What opportunities and challenges does this present? Learn more at CPABC Nexus Days: Information Technology Insights virtual conference, July 23-24. Registration details in article. ???? #AIinFinance #DigitalTransformation