Procurement Is Not Your Enemy

One of the top reasons enterprise decision-makers give for not wanting to work with procurement is the time required to complete the sourcing and vendor selection process. Why is it necessary to have a long, formal evaluation effort when you already know which compliance software provider you want to work with? Can’t procurement just help push through the contract? The frustration with procurement delays is especially pronounced in an era when eCommerce makes nearly any good or service available to us at home within 48 hours, and when SaaS compliance technology can be ‘turned on’ instantly.

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RegTech trends and insights to watch with Brian Fahey, MCO

The Irish Tech News published a chat with Brian Fahey, MCO CEO, featuring the recent RegTech Insight Awards victory, and the challenges of the industry.

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The Future of Compliance

PWC predicts that more than 30% of today’s human workforce will be replaced by artificial intelligence (AI) and/or robotics by the year 2030. This kind of development will change the way we work, and we have been aware of this for a period of time now. Jobs requiring social, emotional, and literary abilities are at the lowest risk of displacement. However, jobs that require manual labour or repetitive tasks that can be automated will see a higher impact in the coming years.

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Global Expansion is Challenging Compliance

“We can’t change human nature, or the pressures of business and the economic/political backdrop, but we can change how we deal with compliance” states Crispin Rapinet,  partner at Hogan Lovells, in the 2020 report providing an overview of the challenges for multinationals on all aspects of anti-bribery & corruption.

The report highlights how multinationals in Europe, the U.S., and Asia are dealing with the pressure of global growth while balancing  ABC's concerns when investing in Africa, Asia and Latin America.

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How to Design an Effective Conflict of Interest Policy

A compliance officer's role includes effectively managing conflicts of interest to enhance a firm's conduct culture. One of the ways to do this is a well designed conflict of interest policy that add clarity to the decision process. Below are a few suggestions to ensure that your policy is in good shape for 2020.

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