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
Certa AI
Tom Fox
YouTube
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
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