Smarsh 10th Annual Risk & Compliance Survey Highlights Surging Regulatory Risks Of Remote Work With Intensified Use Of Digital Communications By Financial Firms

Smarsh 10th Annual Risk & Compliance Survey Highlights Surging Regulatory Risks Of Remote Work With Intensified Use Of Digital Communications By Financial Firms
Global RegTech Leader's 10th Annual Survey Reveals Urgent Need for Financial Firms to Bridge Growing Gap Between Use of Digital Communications and Compliance Procedures
Smarsh Highlights Concerns from Compliance Professionals Across Top Financial Services Firms and Best Practices to Reduce Regulatory Risk and Avoid Significant Fines and Penalties
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PORTLAND, Ore., Feb. 22, 2021 /PRNewswire/ -- Smarsh®, enabling organizations to manage risk within their digital communications and future-proof their compliance and supervision, today released its 10th Annual Risk & Compliance Survey Report, capturing the responses of more than 100 compliance professionals in the financial services industry. The survey finds that last year's widespread and rapid shift to work-from-home models in response to the global COVID-19 pandemic proved to be a double-edged sword for businesses — technology made it possible to connect, collaborate and be productive, but the lack of oversight for those new channels creates significant regulatory and reputational risks. 

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