In an episode of The Hitchhiker’s Guide to the GRC Technology Galaxy, Michael Rasmussen from GRC 2020 spoke with Brian Fahey, CEO of MCO, about the company’s journey and what it means to build an integrated compliance platform for financial services. The discussion examined how compliance programs have accumulated regulations, systems, controls, data and responsibilities that were not designed to work together.
How Can Financial Firms Simplify an Increasingly Complex Compliance Program?
Fahey and Rasmussen explored integration as more than putting multiple products under one brand. A connected approach brings together oversight of employees, transactions, third parties, obligations and other areas of a modern compliance program, giving teams a clearer view across risks that are often managed in separate systems and processes.
The conversation also considered where AI can improve compliance without adding another layer of complexity. The episode connects effective compliance with both regulatory confidence and business confidence: firms need to demonstrate that obligations are being met while giving the business confidence that risk is understood and controlled.
Listen to the podcast: The Hitchhiker’s Guide to the GRC Technology Galaxy