The Beyond Capture Podcast
Beyond Capture is a podcast by Umony, hosted by CEO Dean Elwood, exploring how firms can leverage the vast amounts of data they capture and transform them into a powerful asset.
Umony provides capture, archiving and AI-native surveillance solutions to help enterprises navigate governance and regulatory challenges. Featuring Chief Compliance Officers, regulatory compliance experts and industry leaders, we discuss how to move beyond data collection and transform compliance into a proactive and strategic function.
The Beyond Capture Podcast
Closing the Next Compliance Gap
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In this episode of Beyond Capture, Dean Elwood, CEO of Umony, brings together Tracey McDermott, former Acting Chief Executive of the Financial Conduct Authority and former Group Head of Conduct, Financial Crime and Compliance at Standard Chartered, and Stephen Sanders, former Chief Compliance Officer EMEA at J.P. Morgan.
The discussion focuses on the role of enforcement in shaping behaviour across financial services, and how cultural reform is driven within firms. Tracey McDermott explains how regulators use enforcement to set expectations, while responsibility for cultural change remains with leadership inside organisations. Stephen Sanders adds a practitioner perspective on how firms respond to regulatory pressure and embed accountability.
The conversation also looks at where firms remain underprepared this year, including gaps in how culture is assessed, how conduct risk is managed across business lines, and how regulatory expectations are translated into day to day practices.
The episode brings together regulatory and industry perspectives on how enforcement, leadership, and internal culture interact in practice.
Chapters:
00:00 Intro
01:17 What Do Recent Enforcement Cases Tell Us About 2026
03:15 Is the Regulator–Firm Relationship Really a Partnership?
06:14 Why This Relationship Is Cyclical
12:33 The Limits of the Partnership
18: 23 What Compliance Leaders Do After an Enforcement Case Hits
22:34 Connecting the Dots in Compliance
28:35 What Firms Aren’t Ready For in 2026
36:47 AI, Legacy Systems & New Blind Spots
43:24 Rethinking the Three Lines of Defence
53:33 What Good Regulatory Dialogue Looks Like
57:49 Breaking Down Compliance Silos
1:03:43 Rethinking Suspicious Activity Reporting
1:08:26 The Shift from Human to Machine Oversight
1:15:53 The Reality of Regulatory Divergence
1:21:29 Global Standards Without a Global Regulator
1:24:39 Speed Round: Risk, AI & Regulation