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Decoding the EU AI Act: What it Means for Financial Services Firms | Blog

Everest Group

How will the EU AI Act impact the financial services sector, and how should enterprises and service providers structure their compliance activities? First, they should develop a comprehensive compliance framework to manage AI risks, ensure adherence to the Act, and implement risk mitigation strategies.

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Why organizations need to adopt an Integrated Third-Party Governance and Risk Management approach?

SIG Speaks

SIG University Certified Third-Party Risk Management Professional (C3PRMP) program graduate Jai Chinnakonda shares why every organization should adopt integrated third-party risk governance and management into their team structure. A report from Deloitte titled 'Third-party governance and risk management.

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Where to begin: 3 IBM leaders offer guidance to newly appointed chief AI officers

IBM Business Partners

Companies across industries are realizing the need to integrate artificial intelligence (AI) into their core strategies from the top to avoid falling behind. Consider the most vulnerable among us, when specifying the problem, understanding the data, and evaluating the solution. Just like urban planning, AI is infrastructure.

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Data protection strategy: Key components and best practices

IBM Business Partners

It supports the same security measures as data security but also covers authentication, data backup, data storage and achieving regulatory compliance, as in the European Union’s General Data Protection Regulation (GDPR). Data risk management To protect their data, organizations first need to know their risks.

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Accelerate hybrid cloud transformation through IBM Cloud for Financial Service Validation Program

IBM Services

The cloud represents a strategic tool to enable digital transformation for financial institutions As the banking and other regulated industry continues to shift toward a digital-first approach, financial entities are eager to use the benefits of digital disruption. Most of these new technologies are born-in-cloud.

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AI-Powered Statutory Compliance Solution Revolutionizing the Relationship Between Government and Business

Paysquare

Introduction of AI-Powered Statutory Compliance Solution Integrating Artificial Intelligence with compliance procedures in a business has revolutionized the way that businesses and government operate – it makes them both effective and efficient. It revolutionizes traditional processes by automating tasks and enhancing accuracy.

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NYSDFS Part 500 Cyber Amendments Finalized: What You Need to Know

Perficient Digital Transformation

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence The announcement of significant amendments to the New York State Department of Financial Services (NYSDFS) regulations on December 1, 2023, represents a pivotal moment for entities operating within New York’s financial sector.