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Frank Cummings

The Legitimacy Life-Cycle – All Risk Mitigated

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...

28 Oct 2022
RegTech
Frank Cummings

Hosted Managed Services for KYC/AML, really?

Hosted Managed Services--A crucial option for institutions striving to maximize RegTech capabilities, focus on core business Custom fit. Tailored. Bespoke. Made to order. If you’ve been tracking tren...

12 Sep 2022
RegTech
Frank Cummings

What AML rules should I run

That’s the question I get asked most often by AML Compliance colleagues--and it’s the question that worries me the most. That question tells me that the financial institution likely has a major prob...

06 Sep 2022
Frank Cummings

I Am Not a Boss or a Leader; I Am an Enabler

I Am Not a Boss or a Leader; I Am an Enabler I have been around the block far more times than I would like to count. I have been led, and I have led. And I have come to realize that neither will make ...

23 Aug 2022
RegTech
Frank Cummings

Know Your World - Closing the circle of due diligence

Financial institutions globally have enhanced Customer Due Diligence/Know Your Customer procedures to the point of pure art. In some cases, institutions collect over 600 individual fields of informat

19 Aug 2022
RegTech
Frank Cummings

Digital Transformation Time--Again?

'Digital Transformation' sellers—a.k.a. the “cookie-jar consultants”--are at it again It’s happening again: Claims of digital-transformations-solve-all-problems are everywhere. I don’t want to soun

29 Jul 2022
RegTech
Frank Cummings

ESG--The People's Regulator?

Environmental and Social Governance may force different decision-making in ethical gray areas of revenue streams Unlike Governance, Risk and Compliance (GRC), Environmental and Social Governance

20 Jul 2022
RegTech
Frank Cummings

If you work at a Financial Institution you are going to Hate this Blog

We need to monitor more than just customers. I have in the past discussed what I call Behavioral Analytics. Behavioral Analytics leverage automated comparisons between data-based predicted behavior

14 Jul 2022
RegTech
Frank Cummings

Headline: Mass-shooting horrors demand better response—Metadata a way forward?

July 4 revelers in Highland Park, IL, experienced another mass-casualty shooting in America. Stunningly, at this point it’s no longer surprising to see these news alerts. Something has to change. I w...

05 Jul 2022
RegTech
Frank Cummings

Major Increase in Financial Crimes on the horizon.

Expect a spike in Financial Crime. Here’s why and how you can prepare for it. Why expect a spike in financial crime? It’s the economy, of course. We are on the doorstep of recession, and it’s hard to...

01 Jul 2022
RegTech
Frank Cummings

Help Stop Social Violence

The Uvalde ,Texas school shooting was yet another horrific and unimaginable act of violence in the U.S. And that particular kind of horror has been categorized by some as “social violence”—a type of e...

23 Jun 2022
RegTech

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