Innovation is present in many areas, and compliance professionals must not only be prepared for it but also actively embrace it. Join Tom Fox, the Voice of Compliance, as he visits with top innovative minds, thinkers, and creators in the award-winning Innovation in Compliance podcast. In this episode, Tom Fox cross-posts an episode from the BCG Podcast, where host Hanjo Siebert visits with KonaAI CEO Vince Walden.

Walden is a prominent advocate for interdepartmental collaboration, particularly in the realm of compliance and fraud risk management. With his company specializing in AI-driven compliance solutions across diverse industries, Walden emphasizes the importance of breaking down data silos to promote transparency and improve communication among internal auditors, compliance teams, and IT departments. He views collaboration as a strategic imperative driven by data and governance, emphasizing that data should be the ultimate equalizer, thereby promoting a culture of collaboration that effectively achieves organizational goals. By leveraging shared data sources and advanced technology, Walden believes organizations can enhance their oversight, detect potential fraud, and address data privacy issues, ultimately improving their ability to prevent financial losses and maintain regulatory compliance.

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Resources:

Vince Walden on LinkedIn

KonaAI

Original Podcast Recording

Tom Fox

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 Innovation in Compliance was recently honored as the number 4 podcast in Risk Management by 1,000,000 Podcasts.