Andy Gilman’s Post

The financial industry is under more scrutiny than ever, with regulators setting higher standards for integrating #AI and #ML in #compliance. Regulators worldwide now expect firms to go beyond traditional methods to track, assess, and respond to regulatory changes. 📈 Key Takeaways: 1. New Standards for AI in Compliance: Regulations like the #EUAI Act require firms to maintain transparency and accountability in AI usage. 2. Real-Time Monitoring and Risk Management: Manual processes are no longer sufficient. Advanced RegTech platforms, like FinregE, automate regulatory #horizonscanning, ensuring timely updates and risk readiness. 3. Proactive #ComplianceManagement: FinregE’s AI-driven solutions offer automated #impactassessments, real-time insights, and cross-departmental #workflows, enabling institutions to maintain compliance while staying agile. As compliance demands intensify, embracing advanced technology is essential for reducing #costs, preventing #fines, and achieving #operationalresilience. Learn how FinregE empowers financial institutions to stay one step ahead of evolving regulatory expectations. 👉 Read the full blog to discover how FinregE helps firms navigate the future of #regulatorychangemanagement. https://lnkd.in/eZBKNDJj #RegTech #AIinCompliance #FinancialCompliance #RiskManagement #FinregE #GenAI

At Osfin.ai, we recognise the pivotal role that reconciliation plays in building trust and transparency within financial ecosystems. The recent tweet by Matthew Janiga (https://lnkd.in/dziMnDQH) highlights the critical need for timely and accurate reconciliation processes to mitigate risks and uphold the integrity of financial transactions given the ongoing Synapse crisis. Effective reconciliation could have mitigated the Synapse BaaS failure through: a. Timely Detection of Discrepancies: Regular reconciliation would have quickly identified data inconsistencies, enabling Synapse to fix synchronisation problems before they worsened. This proactive approach ensures fast resolution of discrepancies, safeguarding transaction records. b. Enhanced Monitoring and Alerts: Using automated reconciliation tools with real-time monitoring could have provided immediate alerts for anomalies. This would allow for quick issue resolution, reducing downtime and service disruptions. As technology continues to evolve, advanced analytics can significantly enhance reconciliation efficiency, driving better decision-making and financial stability. At Osfin.ai, we are committed to embracing innovation to build a more reliable and robust financial future. #Reconciliation #FinancialIntegrity #Innovation #AI #Osfin

Exciting news from the #SilverneedleVentures portfolio! We’re thrilled to share that #NeoGPT by OnFinance AI has been recognized by nasscom insights as a key player in the Indian #LLM landscape! With #ComplianceOS, powered by #NeoGPT, OnFinance AI is setting a new benchmark for #compliancemanagement across #Banks, #Exchanges, and #AMCs regulated by #SEBI, #RBI, and #IRDAI. From interpreting #regulatorycommunication to #automated #taskallocation, #evidencecollection, and continuous monitoring, #ComplianceOS is truly transforming the #compliance journey for #financial institutions. With features like a robust #RegulationLibrary, instant #MIS report generation, and #naturallanguage search, ComplianceOS ensures efficiency, clarity, and readiness for #audits and #regulatory updates. As part of the #IndianInnovation ecosystem, Silverneedle Ventures is proud to back #OnFinanceAI in redefining #ComplianceManagement with cutting-edge #AI solutions. #FintechInnovation is happening now—join the revolution! #NeoGPT #ComplianceOS #IndianInnovation #FintechInnovation #AICompliance

I'll be participating in FinTech Global's AI Innovation Forum on Thursday, joining financial services leaders to examine the strategic implementation of AI across our sector. As artificial intelligence continues to reshape financial services, understanding its practical applications and governance frameworks remains critical. The forum provides a focused setting to explore how these technologies can meaningfully enhance operational efficiency and client solutions. I'm particularly interested in discussing implementation approaches with peers and examining how we can advance our offerings whilst maintaining robust risk management and security system for our clients. Looking forward to thoughtful discussions on integrating these capabilities in a way that delivers tangible benefits for our customers. #FinancialServices #Innovation #ArtificialIntelligence #FinTech #Kaizen

How AI and fintech are redefining financial security this week The financial sector stands at the forefront of innovation, with AI driving transformative changes. But achieving success requires overcoming critical challenges, from legacy systems to regulatory balance. Key challenges and solutions shaping the AI revolution in finance: • Breaking free from legacy systems: Financial institutions spend over 70% of IT budgets maintaining outdated systems, stifling innovation. Upgrading these systems is the foundation for AI integration. • Cleaning up data lakes: Poor data quality can derail AI’s potential, costing businesses millions annually. Establishing a single source of truth ensures reliable decision-making. • Upskilling for the future: Only 26% of organizations feel their workforce is ready for AI. Expanding talent pools and training staff in data science and engineering are essential. • Building a culture of innovation: Teams with high psychological safety are more productive and innovative. Striking this balance in regulated industries is crucial for AI-driven growth. • Balancing innovation with compliance: 63% of institutions struggle to align innovation with regulations. Collaborating with regulators helps ensure compliance while fostering long-term growth. Financial institutions are already reaping the benefits of AI in areas like AML. For example, HSBC’s partnership with Google has boosted AML detection efficiency tenfold, showcasing the transformative power of technology. As the industry progresses, tailoring AI solutions to specific challenges and fostering a collaborative approach will pave the way for sustainable innovation. AI isn’t just the future of finance—it’s happening now. Let’s unlock its full potential together. What challenges and opportunities do you see for AI in finance? Share your insights below! #Fintech360 #FintechInnovation #AIinFinance #ComplianceAndGrowth #FinancialSecurity

🚀 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐀𝐈 𝐰𝐢𝐭𝐡 𝐅𝐢𝐧𝐢𝐭𝐚𝐬 𝐢𝐧 𝐏𝐚𝐫𝐭 2 𝐨𝐟 𝐎𝐮𝐫 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐒𝐞𝐫𝐢𝐞𝐬 🚀 Join us as we explore the future of Artificial Intelligence (AI) in our latest insights series. Over the past 2 months, Finitas has conducted insightful polls, gathering over 80 votes from industry experts. We've investigated all corners of AI in FinTech, Finance and Accounting, Insurance, Risk Management and the Claims industry. In Part 2 we will cover: 🤝 Personable interactions VS AI 💷 Financing and Accounting ✅ The conclusion Click the link in the comments below to read more👇 #AIinFinTech #InsuranceJobs #FinTechNews #ArtificialIntelligence

In an era where regulatory landscapes are continuously evolving, staying compliant can be a complex challenge for financial institutions. 🚀 Enter AI, a game-changer in the compliance sector! 🤖 According to a recent article by Fintech Global, AI is not just enhancing compliance processes but revolutionizing them. From real-time monitoring to predictive analytics, AI provides a proactive approach to risk management, ensuring that businesses not only stay compliant but also operate more efficiently. 🔗 Read the full article here #AI #Compliance #Fintech #Innovation #RiskManagement https://lnkd.in/gKQB2TYE

In an era where regulatory landscapes are continuously evolving, staying compliant can be a complex challenge for financial institutions. 🚀 Enter AI, a game-changer in the compliance sector! 🤖 According to a recent article by Fintech Global, AI is not just enhancing compliance processes but revolutionizing them. From real-time monitoring to predictive analytics, AI provides a proactive approach to risk management, ensuring that businesses not only stay compliant but also operate more efficiently. 🔗 Read the full article here #AI #Compliance #Fintech #Innovation #RiskManagement https://lnkd.in/ei2dv-xZ

In an era where regulatory landscapes are continuously evolving, staying compliant can be a complex challenge for financial institutions. 🚀 Enter AI, a game-changer in the compliance sector! 🤖 According to a recent article by Fintech Global, AI is not just enhancing compliance processes but revolutionizing them. From real-time monitoring to predictive analytics, AI provides a proactive approach to risk management, ensuring that businesses not only stay compliant but also operate more efficiently. 🔗 Read the full article here #AI #Compliance #Fintech #Innovation #RiskManagement https://lnkd.in/eQfd8kXA

How much #risk are you willing to take for competitive footing in the #financialservices industry? Financial Services firms are cautiously approaching #GenAI technologies, recognizing their potential and considering the complex #regulatory landscape.   However, #technology continues to advance whether firms are ready or not, and leading firms refuse to fall behind. To keep up, firms are adding much-needed #governance processes around generative AI.    In Smarsh's coming webinar, experts will discuss the fundamental rethinking of how risk is understood and managed in the financial services industry and how firms can be proactive to stay ahead of these big technological changes. In this session, we will cover: 🔺 How firms are thinking about generative AI today 🔺 How firms are evaluating generative AI benefits and risks 🔺 How firms are working across stakeholder groups to identify and prioritize use cases Register for the webinar for insights into emerging best practices for implementing AI-driven customer service solutions. https://lnkd.in/gi3QM2Q9 #FinTech #RIA #BrokerDealer #SEC #FINRA #Banking