India, Dec. 15 -- Risk management and regulatory compliance have become two pillars for increasing the resilience of the financial services industry. It is often defined as brakes in an automobile, which allow the vehicle to move at a faster pace and provide protection in case of potential problems. With increased business complexities, interconnected markets, and fast-paced decision-making requirements, risk management and compliance need to be one step ahead in order to ensure financial stability in the market. Leveraging technology for efficient risk management and effective compliance management has become almost a mandatory requirement across organizations.

Risk management and regulatory compliance have become mainstream priorities ...