Firm CCOs are increasingly being challenged to collect and analyze data in response to regulators greater reliance on technology tools to mine data. Founder and President Amy Lynch states that once data has been obtained, CCOs should have the ability to effectively analyze that data, especially at the transactional level. However, Ms. Lynch cautions that compliance still needs to carefully scrutinize exception reports, which may require a manual review to detect red flags. See IGNITES (subscription required), “As Regulators Dive Deeper Into Data, Shops Sharpen Chops.”
