| | DECEMBER 20186CIOReview2018 has been an interesting year for compliance technology. The rising "regulatory tsunami" has created a massive boom in the hiring of compliance personnel. Together with that, emerging technologies such as artificial intelligence, blockchain, robotic process automation, natural language learning, cloud-based services, and machine learning are invading the compliance landscape. Today, a strong compliance program is not an afterthought, but a vital part of any organization's recipe for continued success, regardless of industry, revenue, or location.Stifled by legacy infrastructure and bureaucratic processes, modern-day firms are turning to RegTech solutions that leverage software and automation to close compliance gaps, save on the costs of compliance, get ahead of requirements before deadlines, and detect enterprise risk. Some companies have started leveraging robotic digitization software to automate and replace the current paper processing and regulatory reporting. Coupled with robotics, the companies are also using natural language processing to search records, certify their compliance, and create a digital audit trail for compliance professionals and regulators.More recently, firms have started to adopt tools for continuous compliance monitoring. While traditional monitoring and revalidation of compliance controls for most firms are executed on cyclical or ad hoc basis, the continuous monitoring method ensures that existing inconsistencies and gaps are bridged regularly instead of depending on the cycle time of the review.Adding to these innovations is advanced analytics and data management capabilities that leverage enterprise datasets to help drive innovative insights for a firm's line-of-business applications. However, for this to happen, firms need to have an unfettered open API and fast access to reliable, trusted datasets. At this juncture, to help enterprises take advantage of the new tech revolution in the compliance management industry, we present to you the latest edition of CIOReview, featuring insights from leading vendors and thought leaders in the compliance arena that can prove valuable for your organization.Let us know your thoughts.EditorialAI and Robotics: The Next Big Thing in Compliance Tech Copyright © 2018 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.CIOReviewDECEMBER - 16 - 2018Editorial StaffSalesAaron PierceCarolynn WaltersDane StanleyShikha PatraVincent Georgevincent@cioreview.comVisualizersIssac GeorgeAnil KumarManaging EditorJeevan GeorgeCOMPLIANCE TECHNOLOGY SPECIAL*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffJeevan George Managing Editoreditor@cioreview.comContact Us:Phone:510.722.8394Fax:510-894-8405Email:sales@cioreview.comeditor@cioreview.com marketing@cioreview.comDECEMBER - 16 - 2018, Vol 07 SE 105 Published by ValleyMedia, Inc.To subscribe to CIOReviewVisit www.cioreview.com CIOReview
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