Equifax Inc., in collaboration with Kompliant, has released a new survey highlighting the growing importance of advanced compliance technology in the financial sector. According to the findings, 55% of financial firms are implementing intelligent solutions to streamline risk management. The survey, which gathered insights from 500 financial technology professionals, underscores the shift from viewing compliance as a burden to recognizing it as a competitive advantage and revenue opportunity. Key highlights include the involvement of CEOs in compliance technology decisions and the widespread adoption of automated compliance solutions. Additionally, 90% of institutions believe that technological advancement is essential for maintaining a competitive edge in risk management.
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