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RegTech Edition Dec 2021www.grcoutlook.com MAKING THE WORLD SAFER Brandon Daniels, PresidentQUARANTINE UNINSTALL One Platform. One Agent. One View. The Qualys Cloud Platform and its powerful Cloud Agent provide organizations with a single IT, security and compliance solution – from prevention to detection to response! © 2021 Qualys, Inc. All rights reserved. Try it today for free qualys.com/free-trialRANTINE KILL PROCESS PATCH INVESTIGATE ALL REMEDIATE One Platform. One Agent. One View. The Qualys Cloud Platform and its powerful Cloud Agent provide organizations with a single IT, security and compliance solution – from prevention to detection to response! © 2021 Qualys, Inc. All rights reserved. Try it today for free qualys.com/free-trialCopyright @2021 GRC Outlook. All Rights Reserved. The content and images used in the publication should not be reproduced or transmitted in any form or by any means without the prior permission of Grc Outlook. Landon Noah Emily Ava Visualizers editor@grcoutlook.com Sophia Loren Joe TylerAnthony John Editorial staffs Copyright @ GRC Outlook 2021 To handle the huge number of data sets and be compliant with the changing regulations, increased collaboration, transparency, and machine-readable, granular reporting requirements are needed. Though there are a variety of such solutions, the ones that will help firms adopt more automation and reduce some of the interpretation gaps are quite a few. Increased data volume, costly regulatory obligations, and technology adoption cannot be addressed solely with traditional manual processes and people-based approaches. Using an automated solution in place will help to save time & cost to increase profitability. Businesses can also utilize Artificial Intelligence (AI) and Machine Learning (ML) to deliver the right regulatory tech and solutions. The use of AI for automation of processes in revenue & billing, cybersecurity, fraud and prevention, reconciliation, AML, and other use cases is rising in the space. However, awareness about the changing market and tech trends is the key to successful regulation and compliance. That’s why GRC Outlook’s team decided to introduce this special edition on Regulatory Technology to help our readers and businesses understand the RegTech world and all around it. We’ve included insights from some of the veterans, experts, and a list of the trendsetters. We hope this edition adds value to your RegTech initiatives. The Emerging Regulatory Technology Natasha Jacob Managing Editor Sam Morris Sales sam@grcoutlook.com sales@grcoutlook.com EDITOR'S Letter Natasha Jacob Managing Editor Vishnu Santhosh Chief EditorCan your team still work without GitHub? Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam. Backup and restore your repositories now: rewind.com/for/githubMAKING THE WORLD SAFER COVER STORY Page No 08 Brandon Daniels, President32 38 36 ENDPOINT SECURITY IN A WORK-FROM-HOME (WFH) WORLD THE REGULATORY TSUNAMI ABOUT TO ENGULF IOT. THE ROAD TO CONTINUOUS COMPLIANCE Jimmy Jones , Telecoms cybersecurity expert and Head of Security , ZARIOT Anil Karmel, Co-Founder and CEO, RegScale Randy Marchany, Virginia Tech IT Security Office and Lab GETTING RID OF SECURITY INDUSTRY FAT TECHNOLOGY THAT DOES NOTHING FOR YOU Brittany Galli, Chief Success Officer at mobohubb AML Data and Technology to Empower Financial Crime Fighters A Risk Based Approach to Regulatory Compliance Disrupting Regulatory Technology Big Time COMPLYADVANTAGECORLYTICSENCOMPASS Charles Delingpole, Founder & CEO John Byrne, CEO Wayne Johnson, CEO 172734 CONTENT PAGE 18 THE INTERNET OF REGULATION IDENTITY, CONSENT, AND E>CITIZENSHIP Rick Moore,Chairman,paytrak$COVER STORY We realized that today's toolsets and technology can help businesses identify risks and help effectively mitigate them. That's why our motto is to leave the world a better place than how we found it Brandon Daniels, PresidentMAKING THE WORLD SAFER W hen it comes to the world of regulatory technology, there are multiple categories of solutions that comprise this market. In today’s corporate ecosystem, when onboarding a customer or engaging with a vendor or a counterparty, the volume of due diligence to traditionally complete transactions and establish the relationship is substantial. But, the spectrum of risk that can now cause reputational harm in this ecosystem is intimately and intrinsically interconnected. At this point in time, people, process and technology are the keys to solving modern compliance challenges. This is where Exiger fits in. Exiger is transforming the fight against fraud and financial crime with a perfect blend of award-winning, purpose-built technology, and practical Next >