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Introduction
Introduction
Eddie Chance, VP of sales opened the event on Archer's successes and plans for 2025 and beyond, largely centred around their launch earlier this year of ARcher Evolv, For which he handed off to director for product management Steve Schlarman.
Steve, and Archer at large see Evolv as the new cornerstone of their GRC offering for many reasons, but primarily its cloud based nature making for lighter faster deployment, easy integration with enterprise systems, and new sleu of AI powered tools, cutting out a lot of the manual work involved in maintaining a healthy governance risk and compliance posture. To speak more at length on how these tools are already being used in industry we had several presentations throughout the day from finance,tech, and consulting giants who are using these tools in the fastest and most complex environments of the day.
Evolv Risk: Royal London
Evolv Risk: Royal London
Dean Rome from the royal london group, a large pension,investment, and mutual insurance company introduced what the firm does and how they are getting value from the evolv offering. His talk mainly concerned evolv risk, as such a large company, processing such a large amount of their own risk data, along with customer and third party data, it has been invaluable to them to have a means to consolidate, quantify, and analyse said data, with evolv’s AI tools drastically reducing the manual workload this entails in consolidation and quantification
Evolv Compliance: Experian
Evolv Compliance: Experian
Jennifer Connelly, Head of global compliance at Experian talked about their ventures with a few different companies,archer included, in bolstering their proactive capabilities in the governance and compliance space. With the speed and scale that companies like experian want to expand their AI capabilities, reacting to compliance guardrails across different global restrictions and legal spheres would be almost impossible, so they are currently doing a lot of work with tools like archer evolv’s horizon scanning capability, which keeps track of the current regulatory landscape you are operating in, but also monitors organisations, legislative pipelines, and any other indicators that the legislative landscape may change, along with what repercussions this change may have on your compliance obligations, being able to narrow in on likely obligation start dates, expectations,reporting, etc as it gets hold of new and developing information. These capabilities allow compliance teams to proactively get ahead of large or cumbersome regulatory
Situation Simulations: EY
Situation Simulations: EY
I found the beginning of Ey’s presentation quite similar to Experian’s; Lots of data, and lots of AI powered tools being used to process that data leading to a compliance/regulatory posture that would need tremendous manual upkeep as legislation and guidance towards AI systems changes at such a rapid pace. The latter part on an evolv decision mapping tool, however, seemed much more consequential for any users of evolv. With evolv having access across an enterprises risk, governance, and compliance spaces, it can use this to simulate certain strategic decisions and report back on how this will change your risk landscape and profile, along with your regulatory and reporting obligations should you move forward with said decision. While comprehensive and integrated GRC solutions are useful to enterprises in and of themselves, I think this capability built on to that integration is a serious differentiator for Archer, and there is clearly appetite from leading firms to utilize the technology as part of their strategic decision making process.
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