6CIOReview | | MAY 2023The modernization of compliance technologies, along with the integration of new technologies and streamlined information sharing, has introduced revolutionary changes in the digital compliance realm. With a renewed focus on data privacy, organizations are better equipped to demonstrate their compliance with regulatory requirements. Furthermore, the implementation of advanced technologies such as artificial intelligence (AI) and machine learning (ML) is enabling the automation of tasks and reducing the risk of human error.In particular, cybersecurity compliance is proliferating across sectors to prioritize data security, and ensure businesses take necessary measures to protect sensitive information. The perpetual KYC (pKYC) approach is a crucial step in that direction, enabling automation across all end-to-end periodic review process steps. Implementing the pKYC approach delivers timely, efficient, and effective compliance, reducing fraud risk across the portfolio. Driven by this trend and many others, the global compliance and traceability solutions market size is projected to reach $9.5 billion by 2031, growing at a CAGR of 13.3 percent.To put the spotlight on key developments, CIOReview illustrates how compliance technology providers are leveraging the latest technologies to augment the changing regulatory landscape. The edition also features thought leadership articles from Victor Palau, Chief Technology Officer, Ebury; and Bilal Masood, Compliance Director, 3M, who shed light on maximizing the potential of digital tools that improve compliance to regulatory requirements and use of low code KYC systems to improve user experience. In this edition of CIOReview magazine, we also bring to you the story of some of the most promising compliance technology solutions providers. In the list, Clarus Partners stands out for its compliance services which are a combination of onsite resources and offsite support, enabling it to mitigate any challenge and deliver a seamless end-to-end service to clients. Equally commendable are the stories of Superna, providing next-generation data security, orchestration, and resiliency software solutions; and Kompliant, providing innovative software designed to help companies stay on top of their compliance obligations. We also bring you the stories of TALON, providing an advanced healthcare price transparency platform; and Trustero, which helps clients gain a better understanding of the regulation controls they need to satisfy and guides them in the right direction during policy implementation. Through the following pages, we aim to shine a light on the innovative trends and latest developments in the compliance segment. We would like to know your thoughts.EditorialEmpowering Compliance Landscape through InnovationCopyright © 2023 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.CIOReviewEmail:sales@cioreview.comeditor@cioreview.commarketing@cioreview.com May - 10 - 2023, Vol 12, Issue - 27 (ISSN 2644-237X) Published by ValleyMedia, Inc.To subscribe to CIOReviewVisit www.cioreview.com CIOReviewVisualizersIssac GeorgeMichael WayneDisclaimer : * Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffJustin Smith Managing Editoreditor@cioreview.comManaging EditorJustin SmithEditorial StaffAaron PierceCarolynn WaltersShirley FaithRussell ThomasGina ClumskyYenny TurnerTiffany HayworthAbner Lawrence
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