John Coyne is a preeminent innovator in technology for financial services. He holds patents in transactional AI, object-oriented, and semantic based systems. As a global lead for Governance, Risk and Compliance (GRC), John architects innovative transformations of financial services businesses.
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. Regulation is growing faster than the economy. For large companies, this nets out to hundreds of millions of dollars of non-value added expense yearly. What if it were possible to reduce the burden and cost of regulation by 50-90 percent?
In this book John Coyne and Thei Geurts describe the underlying principles, actionable framework, and solution patterns for shrinking compliance costs and burden. They outline Semantic GRC approaches have the potential to turn governance, risk and compliance from a costly cul-de-sac into a proactive and profit enhancing business outcome.