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Generative AI has had a profound impact on the 2023 RegTech agenda. It can help but needs safety rails that keep the business in control and gives compliance visibility over the digital banking platforms. The fact is that there are many processes, like regulatory reporting, that are out of control today. Common code will help cut through the fog of thick policies, controls and risk spreadsheets. However, it can’t be another corporate GRC tax, it needs to be aligned to the systems that run the business that already have regulations that forbid black box AI. This panel brings these challenges to life ands sets the scene for JWG’s 29 June Reporting RegTech and SupTech Seminar. See JWG’s analysis here.
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