New Survey from Kompliant and Equifax Highlights the Importance of Advanced Compliance Technology in Maintaining a Competitive Advantage
Equifax (NYSE: EFX) and Kompliant released a comprehensive survey revealing how financial organizations are leveraging compliance technology. The study, which surveyed 500 financial technology professionals, found that 99% of financial services organizations now rely on compliance technology, with 55% implementing AI/ML solutions.
Key findings show that 56% of organizations involve their CEO in compliance technology decisions, and 90% believe technological advancement is crucial for competitive advantage. Additionally, 68% express caution about adopting emerging technologies due to security concerns. The survey highlights a shift from viewing compliance as a cost center to seeing it as a revenue driver and competitive differentiator.
Equifax (NYSE: EFX) e Kompliant hanno pubblicato un sondaggio approfondito che mostra come le organizzazioni finanziarie stiano sfruttando la tecnologia per la conformità. Lo studio, che ha coinvolto 500 professionisti della tecnologia finanziaria, ha rilevato che il 99% delle organizzazioni dei servizi finanziari utilizza ora tecnologie per la conformità, con il 55% che ha adottato soluzioni basate su AI/ML.
I risultati principali evidenziano che il 56% delle organizzazioni coinvolge il CEO nelle decisioni relative alla tecnologia per la conformità e il 90% ritiene che il progresso tecnologico sia fondamentale per mantenere un vantaggio competitivo. Inoltre, il 68% manifesta cautela nell’adottare tecnologie emergenti a causa di preoccupazioni sulla sicurezza. Il sondaggio sottolinea un cambiamento di prospettiva, passando dal considerare la conformità come un centro di costo a vederla come un motore di ricavi e un fattore distintivo competitivo.
Equifax (NYSE: EFX) y Kompliant publicaron una encuesta exhaustiva que revela cómo las organizaciones financieras están aprovechando la tecnología de cumplimiento. El estudio, que encuestó a 500 profesionales de tecnología financiera, encontró que el 99% de las organizaciones de servicios financieros ahora dependen de la tecnología de cumplimiento, con un 55% que implementa soluciones de IA/ML.
Los hallazgos clave muestran que el 56% de las organizaciones involucra a su CEO en las decisiones sobre tecnología de cumplimiento, y el 90% cree que el avance tecnológico es crucial para obtener una ventaja competitiva. Además, el 68% expresa cautela al adoptar tecnologías emergentes debido a preocupaciones de seguridad. La encuesta destaca un cambio en la percepción, pasando de ver el cumplimiento como un centro de costos a considerarlo un impulsor de ingresos y un diferenciador competitivo.
Equifax (NYSE: EFX)와 Kompliant가 금융 기관들이 컴플라이언스 기술을 어떻게 활용하고 있는지에 대한 종합 설문조사를 발표했습니다. 500명의 금융 기술 전문가를 대상으로 한 이 연구에서는 99%의 금융 서비스 기관이 현재 컴플라이언스 기술에 의존하고 있으며, 그 중 55%는 AI/ML 솔루션을 도입한 것으로 나타났습니다.
주요 결과에 따르면 56%의 기관이 컴플라이언스 기술 결정에 CEO를 참여시키고 있으며, 90%는 기술 발전이 경쟁 우위 확보에 필수적이라고 믿고 있습니다. 또한, 68%는 보안 우려로 인해 신기술 도입에 신중한 태도를 보이고 있습니다. 이번 설문조사는 컴플라이언스를 비용 센터로 보는 관점에서 수익 창출 및 경쟁력 차별화 요소로 인식하는 변화가 있음을 강조합니다.
Equifax (NYSE : EFX) et Kompliant ont publié une enquête complète révélant comment les organisations financières exploitent la technologie de conformité. L’étude, qui a interrogé 500 professionnels de la technologie financière, a révélé que 99 % des organisations de services financiers s’appuient désormais sur la technologie de conformité, avec 55 % qui mettent en œuvre des solutions d’IA/ML.
Les résultats clés montrent que 56 % des organisations impliquent leur PDG dans les décisions liées à la technologie de conformité, et que 90 % estiment que le progrès technologique est crucial pour obtenir un avantage concurrentiel. De plus, 68 % font preuve de prudence quant à l’adoption des technologies émergentes en raison de préoccupations liées à la sécurité. L’enquête met en lumière un changement de perspective, passant de la conformité perçue comme un centre de coûts à un moteur de revenus et un facteur différenciateur compétitif.
Equifax (NYSE: EFX) und Kompliant haben eine umfassende Umfrage veröffentlicht, die zeigt, wie Finanzorganisationen Compliance-Technologie nutzen. Die Studie, die 500 Finanztechnologie-Experten befragte, ergab, dass 99% der Finanzdienstleistungsorganisationen inzwischen auf Compliance-Technologie setzen, wobei 55% KI/ML-Lösungen implementieren.
Wichtige Erkenntnisse zeigen, dass 56% der Organisationen ihren CEO in Entscheidungen zur Compliance-Technologie einbeziehen und 90% der Meinung sind, dass technologische Fortschritte entscheidend für den Wettbewerbsvorteil sind. Zudem äußern 68% aufgrund von Sicherheitsbedenken Zurückhaltung bei der Einführung neuer Technologien. Die Umfrage unterstreicht einen Wandel: Compliance wird nicht mehr als Kostenfaktor, sondern als Umsatztreiber und Wettbewerbsvorteil gesehen.
- 99% of financial services organizations have adopted compliance technology, showing strong market validation
- Partnership between Equifax and Kompliant strengthens fraud prevention and risk management services
- 55% of firms are implementing AI/ML for compliance, indicating technological advancement
- 90% of institutions recognize tech advancement as critical for competitive advantage
- 68% of organizations remain cautious about adopting emerging technologies due to security concerns
As C-suite executives lead compliance decisions,
The inaugural "From Cost Center to Revenue Driver: The Current Compliance Landscape for Financial Organizations" survey analyzed responses from 500 financial technology professionals across banking and finance industries, ranging from managers to C-suite executives. These findings showcase how financial services organizations are leveraging advanced compliance technology to fuel growth, and how technology is enabling compliance to drive revenue and reduce costs, such as fines.
"This survey comes at a pivotal time for the financial services industry, which is navigating increasingly complex regulations as well as potentially transformative technological innovations in the compliance space," said Leo Patching, the CEO and co-founder of Kompliant. "The majority of financial services organizations are leveraging technology to perform daily or weekly compliance and finding ways to streamline the process is critical. Services like Kompliant allow these companies to lower costs while maintaining security and compliance standards. We look forward to using these findings to inform further innovations with our intuitive platform."
Key survey findings include:
C-Suite Ownership Drives Compliance Strategy
56% of financial organizations involve their CEO directly in compliance technology decisions, signaling the strategic importance of these investments90% of institutions believe technological advancement is critical to maintaining a competitive advantage in risk management
Automated Compliance: The New Industry Standard
99% of financial services organizations now rely on compliance technology55% of financial firms are exploring or implementing AI/ML for compliance functions, making it the top emerging technology50% seek real-time risk monitoring capabilities and47% want advanced AI analytics68% remain cautious about adopting emerging technologies due to security concerns
"The findings in this survey showcase the need for intuitive compliance programs that prioritize security while providing financial services organizations the technological advancements they need to innovate in the industry," said Scott Pryzbala, Senior Vice President, Payment Sales of Equifax Digital Solutions. "Our partnership with Kompliant delivers industry-leading fraud prevention and risk management services that address these priorities while streamlining processes in cost-effective and user-friendly ways."
Kompliant and Equifax first announced their partnership in the merchant-underwriting space in July 2024. Kompliant leverages Equifax Digital Services' Payment Fraud solutions to analyze data from an online purchase or transaction in its fraud and risk management protocols.
They also released a white paper detailing the survey findings and showcasing the potential of compliance technology in transforming the current landscape. Financial institutions need innovative and cost-effective compliance solutions that unlock opportunity rather than serve as cost centers, easing the distance between the systems of yesterday and tomorrow. Reducing employee time and touch, while maintaining security and accuracy, are key features of technology tools that will fuel growth as well as financial organizations' bottom lines.
"Addressing customer needs is top of mind at Kompliant, where we work to support real-time compliance processes with minimal friction and headache," said Casey Zenner, Chief Revenue Officer at Kompliant. "Knowing our customers' pain points and considerations when weighing new platforms and protocols helps us continue to innovate, and provide the leading compliance programming for modern financial organizations."
For the full survey white paper, click here.
Methodology: Kompliant and Equifax fielded survey responses from 500 financial technology professionals in the banking and finance industries. Employees answered a variety of questions regarding what technology financial services their companies are looking for and what kind of compliance challenges their teams face. The survey was conducted through 500 online interviews throughout
About Kompliant
Kompliant is a pioneer in compliance orchestration with a platform for growth-focused financial institutions. Kompliant provides intelligent automation and solutions that power commerce compliance. Kompliant's technology is designed to streamline risk management, enhance operational efficiency, and support strategic decisions through advanced data analytics. For more information, visit kompliant.com.
Media Contact:
Emily Baker
emily@kompliant.com
202-744-7567
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SOURCE Kompliant
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