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From Compliance to Commercial Value: Removing Friction with AI
Manage episode 479510181 series 2494693
Welcome to the award-winning FCPA Compliance Report, the longest-running compliance podcast. In this episode, Tom welcomes back Jag Lamba, CEO at Certa, to discuss the use of GenAI in compliance tools.
Lamba advocates for the transformative power of artificial intelligence in revolutionizing third-party risk management. Lamba believes businesses can streamline processes, reduce friction, and enhance decision-making throughout various phases of third-party interactions by leveraging AI, particularly generative AI and natural language processing tools. He emphasizes that AI can simplify complex tasks like analyzing extensive reports and identifying specific risks, thus improving compliance reporting and operational efficiency. Lamba envisions a future where AI seamlessly integrates into core business operations, making compliance management an inherent and valuable aspect of organizational workflows, particularly benefiting smaller and mid-sized companies.
Key highlights:
- Automating Third-Party Risk Management with AI
- AI-powered Tools Enhancing Third Party Risk Management
- AI-driven Automation for Enhanced Compliance Reporting
- Automating Compliance Tasks to Boost Operational Efficiency
Resources:
Jag Lamba on Linkedin
Tom Fox
For more information on the use of AI in Compliance programs, see my new book, Upping Your Game. You can purchase a copy of the book on Amazon.com
Learn more about your ad choices. Visit megaphone.fm/adchoices
1548 episodes
Manage episode 479510181 series 2494693
Welcome to the award-winning FCPA Compliance Report, the longest-running compliance podcast. In this episode, Tom welcomes back Jag Lamba, CEO at Certa, to discuss the use of GenAI in compliance tools.
Lamba advocates for the transformative power of artificial intelligence in revolutionizing third-party risk management. Lamba believes businesses can streamline processes, reduce friction, and enhance decision-making throughout various phases of third-party interactions by leveraging AI, particularly generative AI and natural language processing tools. He emphasizes that AI can simplify complex tasks like analyzing extensive reports and identifying specific risks, thus improving compliance reporting and operational efficiency. Lamba envisions a future where AI seamlessly integrates into core business operations, making compliance management an inherent and valuable aspect of organizational workflows, particularly benefiting smaller and mid-sized companies.
Key highlights:
- Automating Third-Party Risk Management with AI
- AI-powered Tools Enhancing Third Party Risk Management
- AI-driven Automation for Enhanced Compliance Reporting
- Automating Compliance Tasks to Boost Operational Efficiency
Resources:
Jag Lamba on Linkedin
Tom Fox
For more information on the use of AI in Compliance programs, see my new book, Upping Your Game. You can purchase a copy of the book on Amazon.com
Learn more about your ad choices. Visit megaphone.fm/adchoices
1548 episodes
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