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Chain of liability model reduces cost through compliance by design

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The operating cost of risk management has escalated significantly due to increasingly complex compliance and regulatory requirements, which are becoming cross-functional efforts. Many chief experience officers across industries are looking for opportunities to meet such compliance obligations at a lower cost.

To achieve this objective, it is vital for corporate functions to adopt a unified compliance and risk management model based on a common goal to prevent reworks caused by incongruent approaches.

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