• About
  • Advertise
  • Privacy & Policy
  • Contact
OpenAI24 | Latest AI & Tech Updates
  • Home
  • Technology
    • All
    • AI News
    • Google Chrome
    Ethicist Warns Against Sharing Medical Images With AI Apps

    Ethicist Warns Against Sharing Medical Images With AI Apps

    Is Agentic AI Ready To Handle The Way We Do Business?

    Is Agentic AI Ready To Handle The Way We Do Business?

    YC-backed ReactWise is applying AI to speed up drug manufacturing

    YC-backed ReactWise is applying AI to speed up drug manufacturing

    Mount Sinai team creates AI algorithm to detect sleep disorder

    Mount Sinai team creates AI algorithm to detect sleep disorder

    DeepSeek Chinese AI Pushes South Korea to Join AI Race

    DeepSeek Chinese AI Pushes South Korea to Join AI Race

    Vote for the session you want to see at Session: AI | TechCrunch

    Vote for the session you want to see at Session: AI | TechCrunch

    Zoom’s AI goes agentic – here’s what it can do for you now

    Zoom’s AI goes agentic – here’s what it can do for you now

    Will Nvidia Stock Rise During March 18 Through March 21?

    Will Nvidia Stock Rise During March 18 Through March 21?

    Machine Learning Analysis of ARDS in Prone Positioning

    Machine Learning Analysis of ARDS in Prone Positioning

    • AI Gadgets
    • AI News
    • ChatGPT News
    • Google AI
    • Google Chrome
    • X AI Update
  • Apple
  • Microsoft
  • Computers
    In-Memory Computing Market Estimated to Hit US$ 77.7 Bn by 2032 –

    In-Memory Computing Market Estimated to Hit US$ 77.7 Bn by 2032 –

    Chip-to-chip interconnects for optical computing

    Chip-to-chip interconnects for optical computing

    Pure Storage introduces data storage platform for AI and high-performance computing

    Pure Storage introduces data storage platform for AI and high-performance computing

    Advancing antiferromagnetic spintronics for next-gen memory and computing | UCR News

    Advancing antiferromagnetic spintronics for next-gen memory and computing | UCR News

    Aitech and Intuidex to deliver AI-computing solutions for extreme sea, land, air, and space missions – SatNews

    Aitech and Intuidex to deliver AI-computing solutions for extreme sea, land, air, and space missions – SatNews

    Hybrid breakthrough in quantum computing workflow unveiled

    Hybrid breakthrough in quantum computing workflow unveiled

  • Security
    To regain advertiser belief, Fb is monitoring advertisements by the millisecond

    To regain advertiser belief, Fb is monitoring advertisements by the millisecond

    Nationwide Academy of Sciences endorses embryonic engineering

    Nationwide Academy of Sciences endorses embryonic engineering

    Google has been requested to take down over one million web sites

    Google has been requested to take down over one million web sites

    Watch Canine 2 Replace Coming This Week, This is What It Does

    Watch Canine 2 Replace Coming This Week, This is What It Does

    The Warby Parker of hair shade, Madison Reed, scores new funding and a CMO

    The Warby Parker of hair shade, Madison Reed, scores new funding and a CMO

    Shopify CEO makes an attempt to defend continued internet hosting of Breitbart’s on-line retailer

    Shopify CEO makes an attempt to defend continued internet hosting of Breitbart’s on-line retailer

  • Applications
    Apple Watch Sequence 2 Is Swimproof and Comes With Constructed-In GPS

    Apple Watch Sequence 2 Is Swimproof and Comes With Constructed-In GPS

    To regain advertiser belief, Fb is monitoring advertisements by the millisecond

    To regain advertiser belief, Fb is monitoring advertisements by the millisecond

    Nationwide Academy of Sciences endorses embryonic engineering

    Nationwide Academy of Sciences endorses embryonic engineering

    Google has been requested to take down over one million web sites

    Google has been requested to take down over one million web sites

    Watch Canine 2 Replace Coming This Week, This is What It Does

    Watch Canine 2 Replace Coming This Week, This is What It Does

    Jack Dorsey says he’ll proceed operating each Sq. and Twitter

    Jack Dorsey says he’ll proceed operating each Sq. and Twitter

  • Gaming
    To regain advertiser belief, Fb is monitoring advertisements by the millisecond

    To regain advertiser belief, Fb is monitoring advertisements by the millisecond

    Nationwide Academy of Sciences endorses embryonic engineering

    Nationwide Academy of Sciences endorses embryonic engineering

    Google has been requested to take down over one million web sites

    Google has been requested to take down over one million web sites

    Watch Canine 2 Replace Coming This Week, This is What It Does

    Watch Canine 2 Replace Coming This Week, This is What It Does

    The Analogue Nt Mini is the right NES console for online game lovers

    The Analogue Nt Mini is the right NES console for online game lovers

    GoPro’s Karma drone is again on sale after design flaw made them fall out of the sky

    GoPro’s Karma drone is again on sale after design flaw made them fall out of the sky

  • Gear
    • All
    • Audio
    • Camera
    • Laptop
    • Smartphone
    Apple Watch Sequence 2 Is Swimproof and Comes With Constructed-In GPS

    Apple Watch Sequence 2 Is Swimproof and Comes With Constructed-In GPS

    Nationwide Academy of Sciences endorses embryonic engineering

    Nationwide Academy of Sciences endorses embryonic engineering

    Jack Dorsey says he’ll proceed operating each Sq. and Twitter

    Jack Dorsey says he’ll proceed operating each Sq. and Twitter

    Fujifilm X-T2 evaluate: The definition of an amazing digital camera

    Fujifilm X-T2 evaluate: The definition of an amazing digital camera

    The Warby Parker of hair shade, Madison Reed, scores new funding and a CMO

    The Warby Parker of hair shade, Madison Reed, scores new funding and a CMO

    Shopify CEO makes an attempt to defend continued internet hosting of Breitbart’s on-line retailer

    Shopify CEO makes an attempt to defend continued internet hosting of Breitbart’s on-line retailer

    Trending Tags

    • Best iPhone 7 deals
    • Apple Watch 2
    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • iOS 10
    • iPhone 7
    • Sillicon Valley
    • Audio
    • Camera
    • Laptop
    • Smartphone
  • Review
    Nationwide Academy of Sciences endorses embryonic engineering

    Nationwide Academy of Sciences endorses embryonic engineering

    Watch Canine 2 Replace Coming This Week, This is What It Does

    Watch Canine 2 Replace Coming This Week, This is What It Does

    Fujifilm X-T2 evaluate: The definition of an amazing digital camera

    Fujifilm X-T2 evaluate: The definition of an amazing digital camera

    The Analogue Nt Mini is the right NES console for online game lovers

    The Analogue Nt Mini is the right NES console for online game lovers

    Utilizing a thoughts studying system, ‘locked-in’ sufferers advised researchers they’re comfortable

    Utilizing a thoughts studying system, ‘locked-in’ sufferers advised researchers they’re comfortable

    Watch Cruise’s self-driving Bolt EV navigate easily to SF’s Dolores Park

    Watch Cruise’s self-driving Bolt EV navigate easily to SF’s Dolores Park

No Result
View All Result
  • Home
  • Technology
    • All
    • AI News
    • Google Chrome
    Ethicist Warns Against Sharing Medical Images With AI Apps

    Ethicist Warns Against Sharing Medical Images With AI Apps

    Is Agentic AI Ready To Handle The Way We Do Business?

    Is Agentic AI Ready To Handle The Way We Do Business?

    YC-backed ReactWise is applying AI to speed up drug manufacturing

    YC-backed ReactWise is applying AI to speed up drug manufacturing

    Mount Sinai team creates AI algorithm to detect sleep disorder

    Mount Sinai team creates AI algorithm to detect sleep disorder

    DeepSeek Chinese AI Pushes South Korea to Join AI Race

    DeepSeek Chinese AI Pushes South Korea to Join AI Race

    Vote for the session you want to see at Session: AI | TechCrunch

    Vote for the session you want to see at Session: AI | TechCrunch

    Zoom’s AI goes agentic – here’s what it can do for you now

    Zoom’s AI goes agentic – here’s what it can do for you now

    Will Nvidia Stock Rise During March 18 Through March 21?

    Will Nvidia Stock Rise During March 18 Through March 21?

    Machine Learning Analysis of ARDS in Prone Positioning

    Machine Learning Analysis of ARDS in Prone Positioning

    • AI Gadgets
    • AI News
    • ChatGPT News
    • Google AI
    • Google Chrome
    • X AI Update
  • Apple
  • Microsoft
  • Computers
    In-Memory Computing Market Estimated to Hit US$ 77.7 Bn by 2032 –

    In-Memory Computing Market Estimated to Hit US$ 77.7 Bn by 2032 –

    Chip-to-chip interconnects for optical computing

    Chip-to-chip interconnects for optical computing

    Pure Storage introduces data storage platform for AI and high-performance computing

    Pure Storage introduces data storage platform for AI and high-performance computing

    Advancing antiferromagnetic spintronics for next-gen memory and computing | UCR News

    Advancing antiferromagnetic spintronics for next-gen memory and computing | UCR News

    Aitech and Intuidex to deliver AI-computing solutions for extreme sea, land, air, and space missions – SatNews

    Aitech and Intuidex to deliver AI-computing solutions for extreme sea, land, air, and space missions – SatNews

    Hybrid breakthrough in quantum computing workflow unveiled

    Hybrid breakthrough in quantum computing workflow unveiled

  • Security
    To regain advertiser belief, Fb is monitoring advertisements by the millisecond

    To regain advertiser belief, Fb is monitoring advertisements by the millisecond

    Nationwide Academy of Sciences endorses embryonic engineering

    Nationwide Academy of Sciences endorses embryonic engineering

    Google has been requested to take down over one million web sites

    Google has been requested to take down over one million web sites

    Watch Canine 2 Replace Coming This Week, This is What It Does

    Watch Canine 2 Replace Coming This Week, This is What It Does

    The Warby Parker of hair shade, Madison Reed, scores new funding and a CMO

    The Warby Parker of hair shade, Madison Reed, scores new funding and a CMO

    Shopify CEO makes an attempt to defend continued internet hosting of Breitbart’s on-line retailer

    Shopify CEO makes an attempt to defend continued internet hosting of Breitbart’s on-line retailer

  • Applications
    Apple Watch Sequence 2 Is Swimproof and Comes With Constructed-In GPS

    Apple Watch Sequence 2 Is Swimproof and Comes With Constructed-In GPS

    To regain advertiser belief, Fb is monitoring advertisements by the millisecond

    To regain advertiser belief, Fb is monitoring advertisements by the millisecond

    Nationwide Academy of Sciences endorses embryonic engineering

    Nationwide Academy of Sciences endorses embryonic engineering

    Google has been requested to take down over one million web sites

    Google has been requested to take down over one million web sites

    Watch Canine 2 Replace Coming This Week, This is What It Does

    Watch Canine 2 Replace Coming This Week, This is What It Does

    Jack Dorsey says he’ll proceed operating each Sq. and Twitter

    Jack Dorsey says he’ll proceed operating each Sq. and Twitter

  • Gaming
    To regain advertiser belief, Fb is monitoring advertisements by the millisecond

    To regain advertiser belief, Fb is monitoring advertisements by the millisecond

    Nationwide Academy of Sciences endorses embryonic engineering

    Nationwide Academy of Sciences endorses embryonic engineering

    Google has been requested to take down over one million web sites

    Google has been requested to take down over one million web sites

    Watch Canine 2 Replace Coming This Week, This is What It Does

    Watch Canine 2 Replace Coming This Week, This is What It Does

    The Analogue Nt Mini is the right NES console for online game lovers

    The Analogue Nt Mini is the right NES console for online game lovers

    GoPro’s Karma drone is again on sale after design flaw made them fall out of the sky

    GoPro’s Karma drone is again on sale after design flaw made them fall out of the sky

  • Gear
    • All
    • Audio
    • Camera
    • Laptop
    • Smartphone
    Apple Watch Sequence 2 Is Swimproof and Comes With Constructed-In GPS

    Apple Watch Sequence 2 Is Swimproof and Comes With Constructed-In GPS

    Nationwide Academy of Sciences endorses embryonic engineering

    Nationwide Academy of Sciences endorses embryonic engineering

    Jack Dorsey says he’ll proceed operating each Sq. and Twitter

    Jack Dorsey says he’ll proceed operating each Sq. and Twitter

    Fujifilm X-T2 evaluate: The definition of an amazing digital camera

    Fujifilm X-T2 evaluate: The definition of an amazing digital camera

    The Warby Parker of hair shade, Madison Reed, scores new funding and a CMO

    The Warby Parker of hair shade, Madison Reed, scores new funding and a CMO

    Shopify CEO makes an attempt to defend continued internet hosting of Breitbart’s on-line retailer

    Shopify CEO makes an attempt to defend continued internet hosting of Breitbart’s on-line retailer

    Trending Tags

    • Best iPhone 7 deals
    • Apple Watch 2
    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • iOS 10
    • iPhone 7
    • Sillicon Valley
    • Audio
    • Camera
    • Laptop
    • Smartphone
  • Review
    Nationwide Academy of Sciences endorses embryonic engineering

    Nationwide Academy of Sciences endorses embryonic engineering

    Watch Canine 2 Replace Coming This Week, This is What It Does

    Watch Canine 2 Replace Coming This Week, This is What It Does

    Fujifilm X-T2 evaluate: The definition of an amazing digital camera

    Fujifilm X-T2 evaluate: The definition of an amazing digital camera

    The Analogue Nt Mini is the right NES console for online game lovers

    The Analogue Nt Mini is the right NES console for online game lovers

    Utilizing a thoughts studying system, ‘locked-in’ sufferers advised researchers they’re comfortable

    Utilizing a thoughts studying system, ‘locked-in’ sufferers advised researchers they’re comfortable

    Watch Cruise’s self-driving Bolt EV navigate easily to SF’s Dolores Park

    Watch Cruise’s self-driving Bolt EV navigate easily to SF’s Dolores Park

No Result
View All Result
OpenAI24 | Latest AI & Tech Updates
No Result
View All Result
  • Home
  • Technology
  • Review
  • Applications
  • Microsoft
  • Computers
  • Security
  • Gaming
  • Gear
  • Photography

How AI Helps Compliance, Risk Management

openai24 by openai24
March 15, 2025
How AI Helps Compliance, Risk Management
Share on FacebookShare on Twitter


Financial industry executives believe that companies have little choice but to use artificial intelligence (AI) to navigate today’s increasingly complex regulatory environment and faster product development cycles.

“In 2025, there is pretty much no compliance without AI, because compliance became exponentially harder,” said Alexander Statnikov, co-founder and CEO of Crosswise Risk Management. “Think about all the change management that happens with regulations. Now, states will be stepping in. How you stay on top of it?”

It’s a similar story with business product development cycles. “They got much faster. Rather than being a two-year cycle, it’s been a few weeks. Products are being shipped quicker,” Statnikov said. Add the complexity of banking as a service and handling of third-party risk management as areas to manage, and “this makes AI a necessity for success of compliance.”

At JPMorgan Chase, AI enhances compliance and risk management by improving operational efficiencies and reducing paperwork for both employees and regulators, said Terah Lyons, the bank’s managing director and global head of AI and data policy.

One key application has been in fraud detection, she said, where AI has significantly reduced false positives — when a financial transaction is declined because the system suspects it’s fraudulent.

“That’s important from a customer experience perspective … because it means that there are fewer times our customers are having to make calls to try to make corrections,” Lyons said at this week’s HumanX conference in Las Vegas. “It supports enhanced security, cybersecurity, fraud security for the firm.”

Beyond internal benefits, AI also plays a role in external regulatory processes. JPMorgan collaborates with regulators who must process vast amounts of paperwork, and AI helps them operate more effectively. This aids both the bank and regulators, leading ultimately to better risk management and compliance in the industry, Lyons said.

“It supports a more effective, stable global system overall, to have these tools actually in the public sector on the other side of the table, enabling and supporting banks in that aspect of risk management,” she said.

Read more: Compliance Moved from Cost Center to Growth Engine in 2024

Compliance Is ‘Very Inefficient’

False positives are not only prevalent in financial transactions; they are also present in compliance work. This occurs when a human worker thinks a case might not be compliant and spends time digging into it only to discover that it had been fine all along. This wastes time.

AI helps save time by identifying these false positives so human reviewers can focus on the truly problematic cases.

“You’re focusing on the true cases that really require compliance to get involved with,” Anthony Soohoo, CEO of Moneygram, said. “From what we’ve seen so far, it’s made our compliance seem a lot more effective, and I think a lot more efficient.”

Soohoo believes this helps raise job satisfaction, too. “I would assume (employees) are a lot happier because they’re not doing a lot of the tedious work. They are spending most of their time in partnership with AI and … reviewing the ones that actually really need their attention.”

To make staff comfortable with using AI at work, Lyons said JPMorgan uses a practical approach to build organizational trust. “We’ve seen a lot of success from running smaller scale, more internal-facing experiments and scaling those up. If you can provide proof points for value delivery and performance, it makes a huge difference in getting everybody on board.”

Soohoo said the compliance process is “very inefficient” and needs to change.

“The big challenge is keeping your eyes around every element of the process and making sure every document … is done right and reviewed,” he said. “The very first thing that AI unlocks is that it allows, on the compliance side, real-time monitoring of every part of your process.”

Looking ahead, Soohoo said AI will only get better, so companies must get on board. “The quicker an organization aligns to figure out how to solve the problems that come with automation and compliance, as well as AI together holistically, the faster the organizations can be effective.”

It’s no use for companies to think they can avoid the AI wave.

“This transition is similar to what happened with the internet and maybe PCs,” Soohoo said. “The world’s a better place with technology (and staying) involved as a partner versus something we want to try to stop.”

Lyons added that learning how to use and deploy AI is crucial. “Effective risk management practices are going to become … a competitive advantage for firms. The organizations that can get this part right are going to accelerate themselves in so many other dimensions.”

“Customer trust is at the heart of all of that,” she concluded.

See More In: AI, Alexander Statnikov, Anthony Soohoo, artificial intelligence, B2B, back office, Crosswise Risk Management, JPMorgan Chase, MoneyGram, News, productivity, PYMNTS News, risk, risk management, Terah Lyons



Source link

Tags: AIAlexander StatnikovAnthony Soohooartificial intelligenceB2Bback officeCrosswise Risk ManagementJPMorgan ChaseMoneyGramNewsproductivityPYMNTS Newsriskrisk managementTerah Lyons
openai24

openai24

Next Post
Under Trump, AI Scientists Are Told to Remove ‘Ideological Bias’ From Powerful Models

Under Trump, AI Scientists Are Told to Remove ‘Ideological Bias’ From Powerful Models

Recommended.

Doodlebug Design Inc Weblog: TINSEL TIME MINI TAG FOLIO

Doodlebug Design Inc Weblog: TINSEL TIME MINI TAG FOLIO

January 6, 2025
venture // disney snacks mickey ice cream bar decoration

venture // disney snacks mickey ice cream bar decoration

July 10, 2024

Subscribe.

Trending.

Ethicist Warns Against Sharing Medical Images With AI Apps

Ethicist Warns Against Sharing Medical Images With AI Apps

March 17, 2025
Hayden Williams Trend Illustrations | Wow…the Aaliyah doll is lastly right here, on what…

Hayden Williams Trend Illustrations | Wow…the Aaliyah doll is lastly right here, on what…

January 17, 2025
Why AI Is A Double-Edged Sword For 2025 Job Seekers — New Research

Why AI Is A Double-Edged Sword For 2025 Job Seekers — New Research

March 11, 2025
August 2024 Digital Crop

August 2024 Digital Crop

August 10, 2024
Is Agentic AI Ready To Handle The Way We Do Business?

Is Agentic AI Ready To Handle The Way We Do Business?

March 17, 2025
OpenAI24 | Latest AI & Tech Updates

About OpenAI24
OpenAI24 delivers real-time AI and tech news, keeping you updated on the latest breakthroughs in artificial intelligence, robotics, and future innovations. From cutting-edge discoveries to industry trends, we bring fast, reliable, and insightful updates—24/7.

🚀 Stay ahead. Stay informed. The future starts here.

Follow Us

Categories

  • AI News
  • Apple
  • Applications
  • Audio
  • Camera
  • Collage
  • Computers
  • Embroidery
  • Fashion Illustration
  • Gaming
  • Gear
  • Glass Art
  • Google Chrome
  • Laptop
  • Microsoft
  • Origami
  • Paper Art
  • Paper Craft
  • Paper Quilling
  • Photography
  • Polymer Clay
  • Print and Pattern
  • Review
  • Scrapbooking
  • Security
  • Sketch
  • Smartphone
  • Technology
  • Wall Art

Tags

AI AI Agents ai attack android warning Apple Watch 2 Apps artificial intelligence B2B back office Best iPhone 7 deals Breaking News: Technology Business business news Buying Guides CES 2017 ChatGPT China DeepSeek Donald Trump Elon Musk email warning Generative AI google warning Innovation iOS 10 iPhone 7 iphone warning multidisciplinary News Nintendo Switch Nvidia OpenAI phishing Playstation 4 Pro politics PYMNTS News Science security Sillicon Valley Singapore Tech Technology United States What's Hot windows warning

Recent News

Ethicist Warns Against Sharing Medical Images With AI Apps

Ethicist Warns Against Sharing Medical Images With AI Apps

March 17, 2025
Is Agentic AI Ready To Handle The Way We Do Business?

Is Agentic AI Ready To Handle The Way We Do Business?

March 17, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 OpenAI24 - Latest AI & Tech Updates by AK Future Tech Zone.

No Result
View All Result
  • Home
  • Technology
    • AI Gadgets
    • AI News
    • ChatGPT News
    • Google AI
    • Google Chrome
    • X AI Update
    • Apple
  • Review
  • Applications
  • Microsoft
  • Computers
  • Security
  • Gaming
  • Gear
    • Audio
    • Camera
    • Smartphone
  • Photography

© 2025 OpenAI24 - Latest AI & Tech Updates by AK Future Tech Zone.