EQS Benchmark Report Archives - Compliance Podcast Network

Innovation in Compliance – Steph Holmes on Blending AI and Human Oversight for Effective Compliance

Innovation spans many areas, and compliance professionals need not only to be ready for it but also to 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, host Tom welcomes Steph Holmes, long-time friend and Director of Ethics and Compliance Strategy at the EQS Group, who looks at the current Intersection of AI and compliance.

Steph Holmes and EQS are both at the forefront of integrating artificial intelligence (AI) into compliance programs to enhance their efficiency and effectiveness. With a focus on practical applications, Holmes views AI as a crucial tool for expanding resources, especially as organizations face increasing regulatory changes and economic pressures. She advocates for the responsible, sustainable, and explainable adoption of AI, emphasizing that compliance professionals should embrace it rather than fear it. Holmes discusses the importance of blending AI capabilities with human oversight to ensure compliance tasks are managed accurately and risks are mitigated effectively.

Key highlights:

Digitizing Compliance: AI Tools and Programs
Navigating Compliance Challenges with Human Judgment
Enhancing AI Reliability Through Human Oversight
Enhancing Compliance through Responsible AI Implementation
Implementing AI Pilot Programs in Compliance Workflows

Resources:

Steph Holmes on LinkedIn

EQS Group LinkedIn

Where in the Loop: Corporate Compliance Insights

EQS Website

EQS Benchmark Report: AI Performance in Compliance & Ethics

Innovation in Compliance was recently ranked 4th among Risk Management podcasts by 1,000,000 Podcasts.

Compliance and AI: Steph Holmes on the Intersection of AI and Compliance

What is the intersection of AI and compliance? What about Machine Learning? Are you using ChatGPT? These questions are just three of the many we will explore in this cutting-edge podcast series, Compliance and AI, hosted by Tom Fox, the award-winning Voice of Compliance. Today, Tom looks at the current Intersection of AI and Compliance with Steph Holmes, a long-time friend and Director, Ethics and Compliance Strategy at the EQS Group.

They discuss the evolving role of AI in corporate compliance, emphasizing its key role in modernizing compliance programs. Steph elaborates on the importance of evidence-based assessments of AI capabilities, the impact of AI on operational efficiency, and the need for human oversight in AI processes. She highlights EQS’s comprehensive AI performance test, which evaluated various AI models against multiple compliance tasks. The discussion also covers practical steps for compliance professionals to begin their AI adoption journey, as well as the necessity of continuous monitoring and risk-based evaluation to ensure effective AI deployment.