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 welcomes John Byrne, founder and CEO at Corlytics, to discuss the company’s groundbreaking ISO 42001 certification and its significance for RegTech.

They delve into the evolving role of compliance, emphasizing the transition from reactive to proactive problem-solving. John highlights the shift towards AI-centric operations at Corlytics, aiming for enhanced accuracy, consistency, and traceability in compliance processes. The conversation explores the benefits and risks of AI, including data poisoning and the practical differences between large and small language models. They also touch upon integrating compliance into core business operations, aiming for better client outcomes and speeding up processes like account opening. John envisions RegTech becoming widely accessible, benefiting even the smallest regulated players by enabling proactive business solutions and reducing bottlenecks.

Key highlights:

ISO 42001 Certification and Its Importance
AI in Compliance and Security
AI as an Everyday Tool in Banking
Large Language Models vs. Small Language Models
Data Poisoning and Its Risks
Dynamic Traceability and Policy Lifecycle
Compliance as a Strategic Risk Management Tool

Resources:

John Byrne on LinkedIn

Tom Fox

Check out my latest book, Upping Your Game: How Compliance and Risk Management Move to 2030 and Beyond, available from Amazon.com.

Revolutionizing Risk Management with John Byrne