Semantic GRC — Shrinking the multi-trillion dollar cost of regulation

Tuesday, June 4, 2013

02:25 PM - 03:10 PM

Level:	Business/Strategic
Location:	Imperial A

In this panel session, senior regulators and industry executives discuss semantic GRC approaches that have the potential to turn governance, risk and compliance from a costly cul-de-sac into a proactive and profit enhancing business outcome. Some problems have such importance to business, are so complex and burdensome, that, if you can solve them even in part, huge benefits can result. This is the case with regulation. It consumes $ multi-trillions in cost and labor to comply. And, it is growing faster than the economy. For large companies, this nets out to hundreds of millions of dollars of non-value added expense yearly. Panelists will describe solution patterns for shrinking compliance costs. They will illustrate proof points with case examples.

John Coyne, a Principal (Financial Services & Innovation) at Be Informed NA, directs worldwide financial markets and business innovations. John is a leading technologist with expertise as software executive, inventor, industry analyst, and developer of transformative business innovations. He is a published inventor with multiple patents issued and pending in advanced technology, devices, systems, and methods. In high technology, financial services, media, and defense industries John has developed innovations that have transformed assets and business performance. He led the “financial services genome” project that articulated the first comprehensive model of modern financial services.

Robert Marinelli is President and Founder of R. Marin Enterprises LLC. He has more than 25 years experience in areas of sales, law, strategic sourcing, and expense management. The Marin advisory practice focuses on expense reduction, productivity gains, and quality improvement. At Guardian Life Insurance, for example, Robert transformed a tactical procurement department into a value added strategic sourcing organization that was able to drive out millions in sustainable savings, increase quality, and have the division become recognized as a true value added partner to the business lines.

Phil Teplitzky is Chief Technology Officer and Managing Director at HP Squared LLC. He has over 30-years of experience in the management and operations of information technology and information technology consulting. Phil has extensive experience in bringing new technologies and software engineering disciplines into Financial Services. He has been involved in the day-to-day management of major system development projects, the establishment of standards, procedures and guidelines for software engineering, quality engineering, and change management at major institutions.