581 Results from /crime
Retired Member
This summer, the FCA issued a letter to the Chair of the Treasury Select Committee, answering questions on new sanctions that have been created following the invasion of the Ukraine by Russia. In the letter the FCA said that it will be automating its review process. In the past, it conducted on-site meetings, using face to face interviews and docum...
02 November 2022 /regulation /crime Financial Transformation
Stan Cowan
Customized Machine Learning: The secret sauce of world-class risk stacks In today's world, the most successful companies work data-driven. The data science and machine learning (ML) advancements over the past ten years are truly remarkable. With breakthroughs in complex statistics and deep learning, companies have more tools and data today than ev...
28 October 2022 /identity /crime Artificial Intelligence and Financial Services
Frank Cummings CEO at AML Partners LLC
The Legitimacy Life-Cycle – All Behavioral Risk Mitigated Lifecycle management has become an AML Compliance buzzword. But it’s often just new wrapping on the same old package. The Legitimacy Lifecycle, in sharp contrast, looks at the lifecycle challenge with a comprehensive emphasis on Risk relevance and Risk mitigation. Unlike other lifecycle-mana...
28 October 2022 /crime RegTech
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
There's a lot of buzz around cybercrime. Not a week goes by when we don't hear of someone or the other losing money to scammers and fraudsters via UPI / Zelle et al. Let's consider the following ubiquituous cybercrime described in Why Is It So Hard To Catch Cybercriminals?. "Joe uses UPI to buy something from Jane, and does not get what he ord...
27 October 2022 /payments /crime
Those working in the financial services are constantly facing a fraud dilemma that is unlikely to end, seeing fraud surge 24% during the COVID-19 pandemic alone. Financial institutions (FIs) are still struggling to find the right solution that can balance making real use of their data via analytics and collaboration, whilst remaining completely co...
24 October 2022 /security /crime Transaction Fraud Systems and Analysis
Pascal Aerens CPO at Neterium
Last week, the banking community gathered in person again for SIBOS, the largest global financial services networking event organised by SWIFT. Many sessions focused on reducing friction in payments. Today’s complex geopolitical landscape meant that sanctions – a major source of friction – were top of mind for many in attendance. As the financial ...
23 October 2022 /regulation /crime Financial Services Regulation
Joost Van Houten Founder & CEO at Sentinels
We live in a time of significant financial change; two once-in-a-lifetime recession events have happened in just over a decade, and regulators are trying to get a grip on financial economic crime while not limiting innovation. Unfortunately, rapid digitization due to the pandemic has sent instances of financial crime soaring. Regulators exist to pr...
19 October 2022 /regulation /crime RegTech
Catherine Warren Transformation Director at Encompass Corporation
Digital transformation projects will introduce more automation and digitization into compliance tasks when performing Know Your Customer (KYC) on new corporate customers, but are compliance teams ready for the switch? With so much at stake, including competition from hyper-automated FinTechs, enhancing financial crime compliance, including KYC pro...
17 October 2022 /regulation /crime RegTech
Our economy has taken some really tough hits over this past couple of years. COVID has been a defining factor in how we continue to operate and do business. We were already on the cusp of change with increased online and mobile payments offerings from new and emerging FinTech’s while our traditional High Street is under threat from the hasty retrea...
17 October 2022 /payments /crime Exposing Financial Crime
Generally, when you talk to a team who handles fraud at financial institutions, fintechs, or other similar organizations, one of their biggest goals is to reduce the overall number of suspicious events that require a human in the loop to manually review an application, transaction, or newly onboarded account. With today’s modern automatic decisio...
14 October 2022 /identity /crime Artificial Intelligence and Financial Services
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.