Big Data Security Analytics , Next-Generation Technologies & Secure Development , Standards, Regulations & Compliance

Why Are Compliance Teams Turning to Data Analytics?

2 Experts Assess Technologies for Analyzing Data
Andrew Levine (left), partner, Debevoise & Plimpton LLP; Vincent Walden, managing director, Alvarez and Marsal

To improve compliance efforts, organizations can turn to a number of technologies, including data analytics. Vincent Walden, managing director at Alvarez and Marsal, and Andrew Levine, partner, Debevoise & Plimpton LLP, share their views on making the most of automation and integration tools.

See Also: Modern Data Security for a Zero Trust World

“The pandemic saw increased use of data analytics for data monitoring by compliance teams," Walden says. "As compliance and audit teams could not pay site visits, data analytics went a long way in risk assessment.”

Levine adds: “There is an increased reliance on data as a critical tool for mitigating risks. We need to understand how to use that data on a regular basis to understand changing risk profiles."

In this video panel discussion the two experts discuss:

  • What compliance teams should measure with data analytics;
  • Techniques for preventing potentially improper payments;
  • What trends compliance professionals can anticipate in 2021.

Levine, a partner at Debevoise, regularly defends companies and individuals in criminal, civil and regulatory enforcement matters and has conducted numerous internal investigations internationally. He serves as an adviser to several global companies and frequently advises clients on compliance matters, including conducting risk assessments, enhancing compliance programs and mitigating transactional risks.

Walden, managing director at the New York-based consultancy Alvarez & Marsal's disputes and investigations unit, specializes in forensic data analytics, continuous controls monitoring, information governance and legal discovery services. He provides technology perspectives on proactive compliance programs as well as reactive investigations.


About the Author

Suparna Goswami

Suparna Goswami

Associate Editor, ISMG

Goswami has more than 10 years of experience in the field of journalism. She has covered a variety of beats including global macro economy, fintech, startups and other business trends. Before joining ISMG, she contributed for Forbes Asia, where she wrote about the Indian startup ecosystem. She has also worked with UK-based International Finance Magazine and leading Indian newspapers, such as DNA and Times of India.




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