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Being prepared makes all the difference

November 9, 2020

RESEARCH REPORT

In brief

A smarter way to face risk

It’s clear that traditional approaches to compliance no longer work.

Reinvent the compliance function

Embrace resilient, cost-efficient operations

As efficiency expectations escalate, an intelligent compliance model that uses insights to unlock value, can help businesses outmaneuver uncertainty. Shifting focus from transactions to strategy.

Integrate automation to quickly identify risks

31% of compliance leaders report that a lack of standardization and data quality remain barriers to progress. Compliance needs to adopt automation to simplify testing, governance, and analytics.

Attract and retain future-ready talent

76% of companies have gaps between skills they need and skills they have. Compliance professionals need an agile team that knows the regulatory environment so they can respond to emerging challenges.

Outmaneuver uncertainty with confidence

100%

Reviews completed on time

20-40%

Improved efficiency

40-60%

Lower costs

Client case studies

US bank steps up anti-money laundering controls

A US bank set up a secondary line of defense against financial crimes, avoiding millions in potential penalties. Read more.

Global bank bets on knowing its customers

A global bank transforms its KYC compliance operations to avoid penalties and improve customer experiences.

Bob Bradley

PRINCIPAL DIRECTOR AT ACCENTURE, COMPLIANCE AS A SERVICE GLOBAL OFFERING LEAD

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