Are you struggling to keep up with your company’s ever-changing compliance programs? Look no further: the award-winning Data Driven Compliance Podcast, hosted by Tom Fox, is a podcast featuring an in-depth conversation about the use of data and data analytics in compliance programs. Data Driven Compliance is back with another exciting episode. Today, Vince Walden, founder of KonaAI, sponsor of this podcast, returns to talk about Nicole Argentieri’s recent keynote and the release of the 2024 update of the Learn more +
Walden shares insights from Nicole Argentieri’s keynote and the ECCP update, highlighting the DOJ’s focus on data access as part of compliance. We explore the importance of using both compliance and business data for effective fraud and risk management. Walden highlights the need for compliance professionals to collaborate with internal audit and finance departments, advocating for a risk-based approach to data analysis and continuous monitoring of controls. The discussion also addresses leveraging AI and machine learning to improve compliance efficiency and overall business operations, advocating for proportional allocation of resources based on the company’s level of sophistication.
Highlights:
• DOJ’s focus on data access
• Understand compliance data analysis
• Training of compliance managers on data
• Implementation of continuous monitoring of controls
• Cost savings and ROI in compliance
• Proportional allocation of resources
• Documentation and transparency See less –
