Making Compliance Sustainable - Shubhradeep Nandi - Ep150

Tech Interviews

Compliance is a serious discussion point in most organisations, as the use of our information has become an increasingly everyday part of the way we operate our lives, ensuring organisations take care of it appropriately is critical to the privacy and security of our "digital selves". However much of the compliance technology organisations rely on is based on understanding our digital footprint, to ensure the person making the transaction is authorised to be doing it and that transaction is legal and correct. That's great when the use of technology is commonplace, but what when it isn't, how do you examine a digital footprint when there isn't one? On this week’s show, I am joined by Shubhradeep Nandi, co-founder at PiChain Labs a company looking at how they can use leading-edge technology trends to start to deal with the global problem of reducing fraudulent transactions in a world where technology is not always easily accessible and digital footprints are harder to identify. We discuss. Fintech and Regtech what do they mean? How a "black box" attitude means we are missing the gaps in compliance. The size of the problem. How not actively engaging with compliance is a problem. When regulation impacts a financial institution. The problems of "hotfixes". The problem of scale. What happens when there is no digital record? The three steps to making compliance sustainable. Using leading-edge technology to solve the compliance problem. Thanks to Shub for providing insight into what is a massive problem impacting us on a global scale and how by using technological advances we may be able to solve it. If you have an idea for a show or would like to appear as a guest email [e-mail] and to catch the next episode then please subscribe on YouTube or all good homes of podcasts. Full show notes are here: https://wp.me/p4IvtA-1PD