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Exploring AI Adoption in Risk and Compliance with Richard Graham

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Manage episode 518648300 series 1440260
Content provided by Thomas Fox. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Thomas Fox or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Welcome to the award-winning FCPA Compliance Report, the longest-running podcast in compliance. In this episode, Tom Fox welcomes Richard Graham, Director - KYC / Financial Crime at Moody's, to discuss the newly released AI Risk and Compliance Survey.

Graham shares his extensive background in financial crime and technology, emphasizing his current role, which focuses on KYC and financial crime at Moody's. Together, they discuss the survey's insights, which reveal that 53% of 600 senior risk professionals surveyed are currently using AI for risk management, representing a significant increase from the previous year. Graham explains the crucial role of high-quality data in maximizing AI's potential and highlights its rapid adoption driven by its demonstrated benefits in compliance and risk management. The conversation also explores the evolving role of risk professionals in the context of AI tools, the impact of regulatory awareness, and the industry's shift towards more proactive risk management.

Key highlights:

  • Overview of AI Risk and Compliance Survey
  • Key Findings and Industry Trends
  • Adoption of AI in Banking and Corporations
  • Early Wins and Barriers to Scale
  • Data Governance and Regulatory Expectations

Resources:

Richard Graham on LinkedIn

Moody’s

Moody’s AI Risk and Compliance Survey

Tom Fox

Instagram

Facebook

YouTube

Twitter

LinkedIn

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

1582 episodes

Artwork
iconShare
 
Manage episode 518648300 series 1440260
Content provided by Thomas Fox. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Thomas Fox or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Welcome to the award-winning FCPA Compliance Report, the longest-running podcast in compliance. In this episode, Tom Fox welcomes Richard Graham, Director - KYC / Financial Crime at Moody's, to discuss the newly released AI Risk and Compliance Survey.

Graham shares his extensive background in financial crime and technology, emphasizing his current role, which focuses on KYC and financial crime at Moody's. Together, they discuss the survey's insights, which reveal that 53% of 600 senior risk professionals surveyed are currently using AI for risk management, representing a significant increase from the previous year. Graham explains the crucial role of high-quality data in maximizing AI's potential and highlights its rapid adoption driven by its demonstrated benefits in compliance and risk management. The conversation also explores the evolving role of risk professionals in the context of AI tools, the impact of regulatory awareness, and the industry's shift towards more proactive risk management.

Key highlights:

  • Overview of AI Risk and Compliance Survey
  • Key Findings and Industry Trends
  • Adoption of AI in Banking and Corporations
  • Early Wins and Barriers to Scale
  • Data Governance and Regulatory Expectations

Resources:

Richard Graham on LinkedIn

Moody’s

Moody’s AI Risk and Compliance Survey

Tom Fox

Instagram

Facebook

YouTube

Twitter

LinkedIn

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

1582 episodes

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