Exploring Industry Shifts in Banking Compliance at XLoD

Our banking risk and regulatory experts are excited to attend the upcoming XLoD Global event in New York on June 11th.  

What is XLoD Global? 

The world’s leading financial institutions and regulators come together at XLoD to discuss the future of non-financial risk and control. Representatives from all three lines of defense—operational management, risk management/compliance, and internal audit—attend to present, discuss, and learn about industry shifts that are impacting risk and regulatory compliance.

Sessions include a keynote interview with former FBI director James B. Comey as well as topical discussions spanning regulatory risk, market abuse, and leveraging technology in automation (RPA), data analytics and ML/AI.

Understanding the Industry: Risk & Regulatory Themes We’re Tracking

Carl Aridas, a seasoned compliance expert and leader of Perficient’s Banking Risk and Regulatory Center of Excellence (CoE), remembers when a couple risk policies—mandatory two consecutive weeks away from the office and basic dual control procedures—were cutting-edge. The landscape has evolved, and organizations must maintain pace.

Many banking firms that are operating with multiple legacy systems are curious about implementing new AI technologies. They want to know how AI and machine learning can enhance the capabilities of compliance, legal, and risk professionals in managing non-financial risk. 

He looks forward to the session, “Harnessing AI & Cutting-edge Technology for Enhanced Risk Detection,” and also plans to attend “Harmonization and Integration of NFR frameworks.” With extensive experience designing and implementing NFR frameworks for major banks, Aridas is going to be a keenly attuned to this discussion. 

Chandni Patel, one of our financial services digital assets team leaders, is also eager for the conference. As a risk expert, Patel is especially excited about attending the keynote address by Mihaela Nistor, chief risk officer at the Federal Reserve Bank of New York. 

Throughout her career, Patel has been approached by many financial services executives facing fines and regulatory issues related to monitoring trading activities. She is excited to attend “Surveillance of WhatsApp and Social Media,” and hear how technology data insights and sentiment analysis can mitigate conduct risk and enable proactive market abuse management. 

She also looks forward to the panel discussion, “Innovations in Conduct Surveillance and Monitoring Practices,” to hear about the future technology and surveillance solutions that banks are exploring.

Meet Our Banking Risk and Regulatory Experts at XLoD

If you’ll be at the XLoD Global conference in New York, our team would love to connect and discuss the challenges and opportunities that are top of mind in your organization. 

Leading financial institutions count on our financial services expertise to solve complex digital challenges and compliantly drive growth. Contact us today to learn more about our digital solutions.  

This blog was co-authored by Chandni Patel and Carl Aridas.

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