In February, the Trump Administration suspended investigations under and enforcement of the FCPA. Many compliance professionals have since wondered what this will mean for corporate compliance programs going forward. Hui Chen challenged compliance professionals with “it’s time to up your game.”
This podcast series, sponsored by Ethico and co-hosted with Ethico co-CEO Nick Gallo hope to meet Hui Chen’s challenge, for compliance professionals. We will discuss how compliance professionals can ‘Up Their See more +
In February, the Trump Administration suspended investigations under and enforcement of the FCPA. Many compliance professionals have since wondered what this will mean for corporate compliance programs going forward. Hui Chen challenged compliance professionals with “it’s time to up your game.”
This podcast series, sponsored by Ethico and co-hosted with Ethico co-CEO Nick Gallo hope to meet Hui Chen’s challenge, for compliance professionals. We will discuss how compliance professionals can ‘Up Their Game’ by using currently existing Generative AI (GenAI) tools to dramatically improve their compliance programs. As compliance professionals, it is critical to recognize that this moment is not merely about incremental improvements but to elevate our profession to a completely new level of effectiveness, efficiency, and organizational value.
In this episode, Tom and Nick explore the transformative potential of AI in managing third-party compliance risks. They discuss the inherent limitations of traditional compliance methods, which are often reactive and manual. The conversation emphasizes how AI can streamline processes, reduce false positives, and enhance efficiency by providing real-time monitoring and data analysis. They also highlight the broader business value of AI, which can expedite onboarding, improve risk identification, and ultimately drive greater ROI. They conclude with the importance of investing in AI training for compliance teams to stay ahead of the curve and maximize these emerging technologies.
Key Highlights:
• Challenges in Third-Party Risk Management
• AI as a Game Changer
• Types of Third-Party Risks
• Business Value of AI in Compliance
• Innovations and Tools in AI
• Practical Applications and Examples See less -
