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