June 21, 2018
New York, NY – John Humphries, CEO of Risk Priorities Inc., joined other industry experts on a panel discussion titled “Why RegTech is Becoming the Next Big Thing” at the National Association of Insurance Commissioners in Kansas City on June 21, 2018. Afterwards, Humphries discussed the capabilities and value of the Risk Priorities Regulatory Technology (RegTech) software platform, RegTechIQ™.
Humphries indicated that he was excited about the opportunities that RegTech brings to the Insurance industry including companies and regulators alike. According to Humphries, “Fundamentally, RegTech is about the identification and automation of high risk regulatory and compliance processes that are highly manual and then digitizing and automating those processes. We are at a crossroads. Financial Service companies and regulatory agencies have a big opportunity to leapfrog their manual and basic governance, risk management and compliance tools to solutions that provide highly advanced capabilities (e.g. data analytics, predictive capabilities and machine learning).”
About Risk Priorities Inc.
Risk Priorities provides leading-edge RegTech software solutions to address pressing regulatory and compliance problems. The company is transforming high risk regulatory and compliance processes. In addition to providing a competitive edge for its customers, the company is helping to foster a safer and sounder global financial system. This is good for companies, their customers and regulators. Risk Priorities believes that effective interactions between companies and regulatory agencies are required for an organization to successfully execute its business model. The Risk Priorities RegTechIQ™ platform helps an organization to digitize and automate its highly manual regulatory interactions thereby providing the data and context needed for optimum outcomes.
Risk Priorities Inc.
Telephone: (646) 470-9766