It is no secret that legacy systems and siloed data are a recipe for inefficiency. But they also present significant risks, especially when it comes to regulatory compliance.
As Lori Weir, CEO and Co-founder of Four Eyes Financial, explains in the latest episode of #PULSEPoint, outdated systems and fragmented data across departments create serious barriers to ensuring firms meet their stringent regulatory obligations in a timely and accurate manner.
Cloud-based solutions and AI are enabling wealth management firms to tackle these challenges head-on. By streamlining compliance processes, accessing clean and structured data, and responding more swiftly to regulatory changes, these technologies are transforming the way firms operate and stay compliant.
