Financial Intelligent Automation in the Digital Bank: GRC
September 22, 2021
Hosted by Bonnie D. Graham
Welcome to Becoming Digitally Resilient with IDC Industry Thought Leadership. Today's podcast explores “Financial Intelligent Automation in the Digital Bank: Intelligent GRC.” The IDC Financial Insights Team of Jerry Silva, Aaron Press and Marc DeCastro discuss how AI (Artificial Intelligence) is being used across the risk and compliance spectrum, including security as a risk. AI-based automation and analytics tools are used to transform risk and compliance functions within a framework of trustworthy and ethical AI. Learn how GRC – governance, risk, and compliance – is as much art as it is science. Risk is limited to some extent by compliance and managed by governance. Artificial intelligence is a powerful tool that, if not governed correctly, can do more damage than it is intended to benefit. The analysts explain how the challenge of AI is that regulation is the big unknown in financial services. It changes with every leadership transition and can be dictated by even the county levels, which all make compliance a difficult task. Our exploration of Financial Intelligent Automation in the Digital Bank continues in the next weekly podcast, followed by other industries. Stay tuned! We welcome your comments and questions. Please email us at Insights@IDC.com.
Becoming Digitally Resilient with IDC Industry Thought Leadership
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Take Industry Expertise Wherever You Go – The academic definition of resiliency is the ability to adapt to changing circumstances while maintaining its central purpose. The notion of resiliency came front and center for business executives during the pandemic as they adapted to challenging circumstances while maintaining continuing operations and protecting the health of their employees. Technology proved invaluable to this business resiliency and accelerated the digital transformation that was in motion at most organizations prior to the pandemic.
Join host Bonnie D. Graham and the IDC team in this special Becoming Digitally Resilient with IDC Industry Thought Leadership Podcast Series, with deep dives into Energy, Financial, Government, Healthcare, Manufacturing and Retail. Listen while the IDC team discusses hot-topics and provides insightful, fact-based research and strategies, all with the convenience you need. Presented by IDC, on the VoiceAmerica Business Channel.
Bonnie D. Graham
Bonnie D. Graham has been producing and hosting live talk radio since 1998. She is the creator, producer and host of the weekly business talk series, “Coffee Break with Game-Changers, presented by SAP” that debuted in Fall 2011, plus more than two dozen related Game-Changers Radio series also heard on the VoiceAmerica Business Channel.
SAP helps companies of all sizes and industries run simple. From back office to boardroom, warehouse to storefront, operations to finance, SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. We do this by extending the availability of software across on-premise installations, cloud and hybrid deployments, and mobile devices.