BusinessTrends and thoughts

Phil Fry: Firms Face a ‘Cyclone’ of Regulatory Compliance Challenges

By November 19, 2019 No Comments

Phil Fry, VP of Product Strategy at Verint, was very recently a special guest on Street Signs Asia, CNBC’s popular business television program focusing on business news and real-time financial market coverage from Asia Pacific. Phil was interviewed by Martin Soong and Tanvir Gill about the latest trends in the realm of financial risk and compliance in the APAC region and beyond.

They talked about key topics, such as the impact of diverging regulations on the compliance function, the implications of the increasing cost of compliance, and the role of the human factor and rising RegTech in managing financial services risk in the digital age. Phil added that a risk and compliance survey report Verint sponsored found one in two firms will raise their regulatory technology budgets by 50-100%, which is “not sustainable.”

Watch the show to find out more:

Anchored by Martin Soong, Oriel Morrison and Tanvir Gill at the Singapore Exchange (SGX), Street Signs follows the day’s biggest moves to provide CNBC’s audience with actionable, real-time insights. From the anchor desk to trading desks around the region, Street Signs helps viewers capitalize on the plays of the day.

Video originally aired on CNBC.

Leave a Reply