Top 10 Compliance Technology Consulting/Services Companies - 2020
In today’s digitally-driven world, there is a growing need for a robust and efficient regulatory compliance technology. Current trends highlight that artificial intelligence (AI) and machine learning (ML) are vital in thwarting the common challenges and systemic issues that the compliance officers face on a daily basis. These disruptive technologies are pivotal in the evolution of the business landscape across the globe.
While the need for compliance technology is growing rapidly, businesses need the right partner to use it effectively. To do so, several companies hire legal technology experts. However, this needs significant monetary investment, which might not be a feasible option to maintain the profit margin. This is where compliance technology service providers play a vital role. They can act as an extended team and offer a wide range of services to help businesses seamlessly make data-driven decisions and reduce human error. Compliance technology service providers can also help consolidate third-party risk management (TPRM) technologies to provide a unified view of risks and enable organizations to conduct efficient due diligence and monitoring.
Further, the regulatory landscape evolves rapidly due to industry innovations and emerging threats. Compliance technology solution providers can be trusted partners for businesses to rightly navigate these changes to operate efficiently.
Although the benefits of working in liaison with a compliance technology consulting company are enormous, organizations are often found struggling to select the right partner. To help companies choose the right compliance technology service providers and consultants, we present to you CIOReview’s, “10 Most Promising Compliance Technology Consulting/Service Companies - 2020.”