BAI Webinar

Mitigating risk from
LIBOR contracts


Presented by:

RECORDED: September 17, 2020
TIME: 12:00 - 12:45 PM CT

The deadline to phase out LIBOR by the end of 2021 has not changed, and financial service institutions must continue to prioritize their transition plans while balancing other pressing initiatives as a result of the global pandemic. According to a recent study, 81% of organizations were either not well prepared or only somewhat prepared for the transition.

How ready is your organization, and where do you stand in comparison to other financial institutions?

Join us for this complimentary BAI webinar to learn how to lead your LIBOR transformation initiatives. The risks of not having a solid transition plan are too high: incorrect payments, potential fraud, business disruption and loss of competitive position. But with the right approach and technology, you can avoid these pitfalls.

Key Takeaways:

  • A snapshot of the current state of the market, and three common approaches used by early adopters of LIBOR contract remediation solutions
  • How to lead LIBOR transformation initiatives that deliver value beyond 2021
  • Through a live demo, how AI technologies can be deployed to identify and remediate LIBOR contracts, and continue to monitor and audit processes
PRESENTERS:

Joe Harrington
Partner
PwC

Joe is a Principal in PwC Labs, leading the Artificial Intelligence Lab for the US firm. In this role, Joe helps develop enterprise-class scalable services and platform capabilities for internal and external application development. Also, as part of PwC's Assurance Innovation group, Joe leverages the AI and data platform to provide natural language processing and data enrichment services for technology enabled audit.


Jacob Wilson
Principal, PwC Labs
PwC

In his role as part of PwC Labs, Jacob co-leads their AI capabilities across all of PwC's lines of service (tax, assurance, advisory and internal services). Through these capabilities, they strive to accelerate the adoption of AI to unlock business value, helping both PwC and their clients to automate and transform their business.


Daneen Storc
Director of Product Marketing, Solutions
ABBYY

Daneen Storc is Director of Product Marketing, Solutions at ABBYY. She has been instrumental in helping Fortune 100 companies, global enterprises and small businesses implement successful digital transformation initiatives and automate invoice processing and accounts payable (AP) operations. She is an advocate for leveraging AI, machine learning and Digital Intelligence solutions to increase operational efficiencies and gain a competitive advantage. Daneen leads ABBYY's go-to-market strategy for Banking & Financial Services and plays an integral role in expanding relationships with key global solution partners. She holds an MBA in Marketing Management from Loyola University in New Orleans.


Renat Zalov
Senior Sales Engineer
ABBYY

Renat plays a key role in helping organizations leverage ABBYY Timeline, the only end-to-end Process Intelligence solution, to maximize the value of intelligent automation platforms and accelerate digital transformation initiatives. Renat started his career in wealth management banking, where he served on the investment decision team for a leading firm’s high-net-worth clients. Prior to joining ABBYY, he held leadership roles at top consulting firms where he was instrumental in helping several hospital organizations enhance their profit margins by improving revenue cycle processes. He holds an MBA from The University of Chicago Booth School of Business.