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Financial Crime Predictions 2021: More AI & Ransomware

FICO

In the wake of such radical changes, as we look to the year ahead, the challenge for global banks and financial institutions at large has never been greater. Here is how we predict banks will endeavor to enhance their financial crimes controls in 2021: 1. Machine Learning Will Play a Great Role in Fighting Money Laundering.

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FinCen Director On Why Casino Cooperation Is Central To Fighting Financial Crime 

PYMNTS

More broadly, however, Blanco’s theme was the interconnectedness of the financial system – and how diligence and transparency is the key to combating money laundering and other financial crimes in the U.S. and around the world. The Team Oriented Nature Of Compliance . Let me assure you, this is not the case.

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Join This Exclusive Gathering of Global Industry Experts at the 15th Nextgen Payments & Regtech Forum

Fintech Finance

AGENDA HIGHLIGHTS: The Next Generation of Payments Enhancing Convenient and Secure Access to Financial Services The Next Digital Revolution Global Mobile Wallets and Super-apps Blockchain and Cryptocurrency Adoption Cross-Border Payment Innovations The Future of Financial Crime Levels of Connection – 2.0

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Financial Crime Compliance Predictions 2019: Stop the Scandals!

FICO

While my colleagues have offered predictions in areas such as payments fraud and cybersecurity , I’m going to focus on what needs to happen in financial crime compliance next year, in two major areas. Many financial institutions have already implemented such one, but there is room for improvement. Know Your Customer.

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DataVisor Unveils its AI-Powered End-to-End AML Compliance Solution

Finovate

AI-powered fraud and risk platform DataVisor launched its end-to-end anti-money laundering (AML) solution this week. The technology leverages sophisticated machine learning and AI to cover the entire AML process without disrupting the customer’s existing workflows. DataVisor made its Finovate debut at FinovateFall last September.

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The Best of Finovate Global 2023: Digital Transformation, Financial Inclusion, AI and Automation

Finovate

. “At Refine intelligence, our mission is to help banks regain that superpower of really knowing their customers’ life stories, so their financial crime teams can quickly clear AML or scam alerts triggered by legitimate customer activity. We work with Risk, Financial Crime, BSA and AML teams.

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AI Meets AML: How Analytics Improve Compliance and Cut Costs

FICO

We have seen some improvement in the false positive rate through the use of the risk-based approach (RBA), which banks have been implementing to comply with international regulations (such as the 4 th EU ML directive, BSA 4 pillars, and FATF 2012). In the fast-changing world of financial crime, this isn’t good enough.

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