Banks need a regulatory change process that is proactive, rather than reactive, in response to changes in the environment. Pauly Comtois, chief technology officer at Quantivate, provides an overview of how they can map out the process and what essential components they should incorporate. He discusses how data and collaboration across groups are essential for a successful regulatory change process. He also outlines how banks can implement this process, the pitfalls they should watch out for and how technology like machine learning can assist banks in this endeavor.
- Crafting a Proactive Process
- Implementing a Successful Plan
- Tools to Consider