The growing volume and complexity of regulations are among the biggest challenges that banks and financial institutions face today. Additionally, they need to understand how the updated regulations are impacting their business, processes, risks, and controls. Compliance professionals end up spending a lot of time scanning the regulatory horizon than focusing on core compliance activities. The growing volume of regulatory data from a wide variety of sources makes it difficult to identify, prioritize, and respond to the issues that impact their organization.s.
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