It’s no secret that an explosion in disruptive technologies has led to internet and mobile-technology being used more than ever before to provide increased convenience and rocketing speed to a myriad of financial transactions. Along with this explosion comes an increased level of compliance and operational risk, corporate responsibility, as well as government regulation and oversight for services companies attempting to keep up with the times and their customers’ ever increasing set of demands.
This session will discuss the role these technologies are having on compliance. Specifically, it will address the need for proper compliance testing protocols and provide insight into how they should look within your organization. Lastly, it will cover best practices for internal and external communications should an organization run afoul of a regulatory authority.
Takeaways:- What is the purpose of compliance testing?
- A definition of applicability of regulations to departments and processes
- What should be tested /risk points?
- If you face a potentially high-profile compliance issue, how should you communicate internally and externally?
