What is the role of Artificial Intelligence in compliance? What about Machine Learning? Are you using ChatGPT? These are but three questions we will explore in this cutting-edge podcast series, Compliance and AI, hosted by Tom Fox, the award-winning Voice of Compliance. In this episode, Tom is joined by Jag Lamba for a discussion on the intersection of innovation and disruption.

Jag frames his thoughts on disruption through theories from Clayton Christensen and practical examples from ventures like Tesla. They explore how these concepts translate to the compliance world, particularly through the lens of artificial intelligence. Jag elaborates on the role of generative AI in streamlining third-party risk management, from data gathering to ongoing monitoring. He shares insights on embedding compliance into core business processes, reducing friction, and creating commercial value, highlighting success stories and future potential. They look into the use of RegTech for policy management and regulatory updates, emphasizing the importance of automation for modern compliance frameworks. The podcast showcases how AI can transform compliance from a costly necessity to a strategic asset that drives business efficiency and growth.

Key highlights:

Understanding Disruption and Innovation
Elon Musk’s Approach to Innovation
AI in Third Party Risk Management
The Value of AI in Compliance
RegTech for Automated Compliance
Embedding Compliance into Business Processes

Resources:

Jag Lamba on LinkedIn

Tom Fox

Harnessing AI and Innovation: A Deep Dive into Compliance and Disruption with Jag Lamba