Latest opinions that Michael Kerman has shared on Finextra

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Michael Kerman

Marketing Executive

Self-Employed

Member since

07 Sep 2017

Location

Philadelphia

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Michael's opinions

My Compliance Wishes for 2019

It’s hard to believe that 2018 is coming to an end. At first, I was tempted to blog in a “2018 Retrospective” manner, but it just didn’t seem inspiring. Instead, I thought I’d share with you some of my wishes for 2019, from a financial compliance perspective. So here they are, in no specific order of importance: We collectively put a stop to huma...

27 December 2018 /ai /regulation Banking Strategy, Digital and Transformation

Customer Screening is the DIY Project From Hell

Every year, without fail, many banks and financial institutions embark on internal projects to improve their compliance operations. And every year, also without fail, they stumble and get stuck. What is it about customer screening that makes it so hard for firms to do it themselves? On the surface, it ought to make sense for these organizations to...

11 December 2018 /ai /regulation Financial Risk Management

RegTech Aren't Just for Startups

After the 2008 crisis, financial institutions faced a mountain of new regulations and related challenges around data collection, monitoring and reporting. Hundreds of Regulatory Technology (RegTech) startups sprang up to help. But there’s one thing that’s often overlooked in the dynamic RegTech space: it’s not just about startups. RegTech is abo...

29 October 2018 /ai /regulation Banking Regulations

Eight Reasons Why Search Engines Are Not Due Diligence

Search engines are free, easy to use and powerful. Could you use them to run a KYC/AML screening program? You could - but in the end, it will expose you to significantly more cost and risk than opting for a purpose-build solution. Here are eight reasons why. 1. Data from Search Engines is Unstructured Search engines return stories and URL links...

12 October 2018 /ai /regulation Banking Strategy, Digital and Transformation

It Takes Two to Tango

Everyone’s talking about artificial intelligence and machine learning (AI and ML). But what’s often overlooked is the degree to which they depend on good data in order to be effective. It’s a symbiosis that is particularly relevant to compliance, where AI and ML have huge potential to reduce costs and risk. We recently published a whitepaper aim...

18 September 2018 /ai /regulation Banking Strategy, Digital and Transformation