Experienced consultant in the areas of Regulatory, Risk & Performance, Compliance Management, Internal Control Systems, EGS and Sustainability.
Industry focus: Real estate companies, KVGs, AIFMs, banks
- Robotics use to control compliance risks
Publication date: 1 Sept. 2018,
Description of publication: Journal "Real Corporate Governance".
- Publication description :Stages of digitalisation | New compliance risks | Use of bots to control compliance requirements
One thing is almost unthinkable these days: a meeting, an event, a magazine without the "buzzword" "digitalisation". The following article is no exception. The aim of the article is to approach the topic from a different angle. Even if digitalisation naturally brings many improvements and facilitations, it also creates new risks that need to be considered. In this case, we are referring to the new compliance risks brought about by increasing digitalisation. Interestingly, the instruments of digitalisation also help to mitigate these new risks, which will be illustrated below using a concrete example - the use of robotics technologies in the Know Your Customer (KYC) process1. In order to facilitate the introduction to the topic and also to clearly separate the different terms, the stages of a digitalisation process in a traditional company will first be presented.
Dr. iur. Magna cum laude (Banking Supervisory Law)
Attorney at Law (Syndikusrechtsanwalt)
Member of the Compliance Working Group of the Institute for Corporate Governance in the German Real Estate Industry (ICG)
Member of the Certification Working Group of the Institute for Corporate Governance in the German Real Estate Industry (ICG)
Member of the Competence Group Risk Management in the Real Estate Industry of gif Gesellschaft für Immobilienwirtschaftliche Forschung e. V. Society of Property Researchers, Germany