The Practicalities and Opportunities of Harnessing Technology and Big Data in Regulatory Enforcement and Compliance Practices

While regulators are announcing their efforts to harness data analytics with cutting-edge technology to serve their market oversight responsibilities, financial service institutions are navigating an endless stream of new fintech products and services to help solve their complex business and enforcement challenges. The application of sophisticated technology and data analytics serves both regulators and firms alike, but reliance on it adds additional costs, complexity and new risk. Now more than ever, financial institution decision makers need to think about how best to take advantage of their systems and data analytics programs without making expensive strategic mistakes.

In this conversation with Alex Russell, Managing Director with Bates Group’s White Collar, Regulatory & Internal Investigations Practice, we take an in-depth look at the challenges firms are facing when deploying data analytics in their compliance and enforcement practices, and provide key observations and takeaways to help your firm’s success.