Name: Challenges and Solutions in Financial Risk & Compliance
Uploaded: 2025-05-22
Duration: 3 min 53 s
Description: AI-generated content may be incorrect. --- This presentation addresses the key challenges faced in financial risk and compliance, along with innovative solutions powered by AI technology. We will explore the regulatory landscape, ongoing difficulties, and the potential of CRICS as a cutting-edge tool in the industry..

[Audio] AI-generated content may be incorrect. --- This presentation addresses the key challenges faced in financial risk and compliance, along with innovative solutions powered by AI technology. We will explore the regulatory landscape, ongoing difficulties, and the potential of CRICS as a cutting-edge tool in the industry.. 

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Challenges and Solutions in Financial Risk & Compliance

Navigating regulations with innovative AI solutions

[Audio] Regulatory Overload, High Cost of Non-Compliance, Manual Inefficiencies, Reactive Posture. 

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Challenges in Financial Risk & Compliance

[Audio] High Cost of Non-Compliance: Failures in areas like AML can lead to severe financial penalties, such as the $3+ billion fine levied on a major North American bank in 2024.. 

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Coins stack with balance scale. Money management, financial plan, time value of money, business idea and Creative ideas for saving money concept.

Significant Financial Consequences Failure to comply can lead to substantial financial penalties, adversely affecting the financial health of organizations.
 Reputational Damage Financial entities may suffer harm to their reputation as a result of non-compliance issues, which can undermine customer confidence and disrupt business partnerships.
 Regulatory Oversight A rise in non-compliance can attract intensified scrutiny from regulatory bodies, leading to additional operational difficulties.

[Audio] Manual Inefficiencies: Heavy reliance on manual processes for compliance checks and reporting creates a substantial workload. Humans are prone to mistake which can have cascading effects in the system as overall.. 

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Workload Challenges Heavy reliance on manual processes significantly increases the workload for employees, leading to inefficiencies. Compliance Checks Manual compliance checks are time-consuming and prone to errors, creating further inefficiencies in the workflow. Reporting Issues The manual process of reporting can lead to delays and inaccuracies, affecting decision-making and operations.

[Audio] Reactive Posture: Traditional approaches often involve reacting to compliance issues after they have occurred, rather than proactively preventing them.. 

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The word "Compliance" is printed on a torn piece of paper that sits on top of a magnifying glass which sits on a blue background. The image is created using a very shallow depth of field.

Definition of Reactive Posture Reactive posture refers to the approach of responding to compliance issues post-occurrence instead of preventing them proactively. Traditional Compliance Approaches Traditional compliance methods often focus on addressing problems only after they arise, leading to potential risks and issues. Need for Proactive Prevention Shifting from a reactive to a proactive approach is essential for effective compliance management and risk mitigation.

[Audio] This leads to "manual alert fatigue," diminishing the focus on genuine threats.. 

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Definition of Alert Fatigue Manual alert fatigue occurs when users become desensitized to alerts due to their frequency, impacting response. Impact on Focus As alert fatigue increases, the focus on genuine threats diminishes, leading to potential oversights. Managing Alert Fatigue Implementing better alert management strategies can help mitigate the effects of alert fatigue.

[Audio] Keeping Pace with Change: Difficulty in swiftly detecting emerging threats and adapting to new regulations with minimal human intervention poses an ongoing challenge.. 

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Emerging Threat Detection Detecting emerging threats swiftly requires advanced technology and strategies to stay ahead of risks and challenges. Adapting to Regulations Adapting to new regulations is crucial for compliance and operational efficiency, especially with minimal human intervention. Challenges of Minimal Intervention Relying on technology for minimal human intervention presents challenges, including accuracy and decision-making speed.

[Audio] Proactive Compliance, Generative and Agentic AI, Reducing Manual Workload & Costs. 

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[Audio] CRICS is an AI-driven system that embeds "guardrails" to shift compliance to be proactive, addressing issues at the design stage.. 

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AI-Driven Compliance Through it’s Compliance hub CRICS utilizes AI technology to enhance compliance measures, making them more efficient and proactive from the start. Embedding Guardrails The system embeds 'guardrails' that guide compliance throughout the design stage, preventing issues before they arise. Proactive Approach This proactive approach to compliance helps organizations address potential issues early in the design process.

[Audio] It uses generative and agentic AI to continuously scan regulations, policies, and transaction data to identify gaps, suggest controls, and enforce safeguards.. 

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Continuous Monitoring Generative and agentic AI continuously scans data to monitor regulations and policies, ensuring compliance. Identifying Gaps The AI identifies gaps in regulations or policies, enabling organizations to address potential issues proactively. Suggesting Controls Generative AI suggests controls and safeguards to mitigate risks and enhance compliance based on identified gaps.

[Audio] Reduces Manual Workload & Costs: Automates routine tasks and compliance checks, freeing up human experts for strategic oversight and reducing compliance costs.. 

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Conceptual image representing mosaic media interface and the digital software. A wall of screens curves away from view, shimmering with an assortment of random graphics, animations and simple icon images.

Automation of Routine Tasks Implementing automation for routine tasks streamlines operations and minimizes human error, increasing efficiency. Compliance Checks Automation Automation of compliance checks ensures adherence to regulations and significantly reduces the time spent on manual reviews. Strategic Oversight Freed from routine tasks, human experts can focus on strategic oversight through CRICS dashboards and decision-making, enhancing overall business performance.

[Audio] Enhanced Threat Detection & Adaptation: Designed to minimize manual alert fatigue, detect emerging threats, and adapt to new regulations with minimal human lag.. 

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Minimizing Alert Fatigue The system is designed to reduce manual alert fatigue by automating threat detection processes, improving response efficiency. Detecting Emerging Threats Enhanced algorithms are utilized to identify and respond to emerging threats promptly, ensuring robust security measures. Adapting to New Regulations The solution adapts to evolving regulations efficiently, maintaining compliance and minimizing human delay in response.

[Audio] Continuous Learning & Optimization: The system continuously learns from new data and outcomes to refine its models and compliance logic.. 

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System Learning Process The system is designed to continuously learn from incoming data, allowing for ongoing improvements. Model Refinement As new outcomes are analyzed, the models are refined to enhance accuracy and performance. Compliance Logic Improvement Continuous learning contributes to the evolution of compliance logic, ensuring it stays relevant and effective.

(A I ) generated content may be incorrect.



This presentation addresses the key challenges faced in financial risk and compliance, along with innovative solutions powered by (A-I ) technology. We will explore the regulatory landscape, ongoing difficulties, and the potential of C-R-I-C-S as a cutting edge tool in the industry.

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Regulatory Overload, High Cost of Non Compliance, Manual Inefficiencies, Reactive Posture

High Cost of Non Compliance: Failures in areas like A-M-L can lead to severe financial penalties, such as the $3 plus  billion fine levied on a major North American bank in 2024.

Manual Inefficiencies:
Heavy reliance on manual processes for compliance checks and reporting creates a substantial workload. Humans are prone to mistake which can have cascading effects in the system as overall.

Reactive Posture: Traditional approaches often involve reacting to compliance issues after they have occurred, rather than proactively preventing them.

This leads to "manual alert fatigue," diminishing the focus on genuine threats.

Keeping Pace with Change: Difficulty in swiftly detecting emerging threats and adapting to new regulations with minimal human intervention poses an ongoing challenge.

Proactive Compliance, Generative and Agentic (A-I ), Reducing Manual Workload & Costs

CRICS is an (A I ) driven system that embeds "guardrails" to shift compliance to be proactive, addressing issues at the design stage.

It uses generative and agentic (A-I ) to continuously scan regulations, policies, and transaction data to identify gaps, suggest controls, and enforce safeguards.

Reduces Manual Workload & Costs: Automates routine tasks and compliance checks, freeing up human experts for strategic oversight and reducing compliance costs.

Enhanced Threat Detection & Adaptation: Designed to minimize manual alert fatigue, detect emerging threats, and adapt to new regulations with minimal human lag.

Continuous Learning & Optimization: The system continuously learns from new data and outcomes to refine its models and compliance logic.

Challenges and Solutions in Financial Risk & Compliance

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