Azimuth Logo
Illinois Bankers Association Virtual Director Conference

July 27, 2023

1:15 p.m. – 2:15 p.m.            
The Cost of Non-Compliance
Rohin Tagra, Founder & CEO, Azimuth

Since the financial crisis, compliance costs at banks have increased by over 60%, according to Deloitte, and nine out of 10 compliance executives believe costs will continue to rise. Meanwhile, the cost of non-compliance has never been higher. To manage rising compliance expectations, most financial institutions expect the cost of compliance to increase as much as 30% over the next two years, yet only six out of ten expect an increase in operational funding. Financial institutions looking to cut costs must do so without sacrificing compliance efforts, or else face the potential of severe fines and penalties, not to mention irrevocable damage to their reputation. During this session, we will provide actionable steps banks must take to ensure compliance without breaking the bank.

More information

View full calendar