Risk Management Systems Insights

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Editor’s picks: The many applications of Machine Learning in banking

22nd September 2017

Company: bobsguide
Can robots and data stop banks terror financing? Vicky Beckett, Editor, GTNews Buying a new printer from ISIS is probably not how many people envision their stationary shopping to proceed. But it was only a month ago that the FBI announced that it had found a senior Islamic State (ISIS) official sent money to an alleged operative based in the... read more
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How HSBC is using AI in its anti-money laundering compliance

21st September 2017

Company: bobsguide
Gurjeet Singh, co-founder and Executive Chairman of Ayasdi, spoke to bobsguide about the challenges of compliance with anti-money laundering, the characteristics of AI, and how AI is vastly improving false positive rates on suspicious security reports. How did you find your way to Ayasdi? I did my graduate work in computational mathematics... read more
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Can robots and data stop banks terror financing?

20th September 2017

Company: bobsguide
Buying a new printer from ISIS is probably not how many people envision their stationary shopping to proceed. But it was only a month ago that the FBI announced that it had found a senior Islamic State (ISIS) official sent money to an alleged operative based in the US via a global financial network that used fake eBay sales to mask... read more
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The LEI mechanism implementation: Next steps explained

19th September 2017

Company: bobsguide
The LEI Handbook, Exchange Data's Guide to Financial Codes, written by economist and Harvard trained Ozren Cvjetic, has recently been published. bobsguide sat down with the author to discuss the major themes covered in the book. Does your academic background provide you with unique insights into the world of financial regulation, as... read more
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The evolution of the chief risk officer: A bumpy road to seniority

18th September 2017

Company: bobsguide
There’s probably a very good anecdote about a host of castle architects being given the axe by their liege lords because they couldn’t build fortifications strong enough and quickly enough to counter the fresh structural challenges of cannon technology. The modern equivalent may well be that of the chief risk officer (CRO). Just as the... read more
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The rise of goAML reporting and the impact of data quality

18th September 2017

As of June 2017, all reporting entities in Ireland are required to submit their regulatory reports, such as suspicious transaction reports (STRs), electronically to the Irish Financial Intelligence Unit (FIU) using the goAML portal. This is part of a global trend where regulators are standardizing reporting platforms, and represents a significant... read more
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4th EU AML Directive: What you should know

14th September 2017

Company: Trapets AB
The EU’s 4th Anti-Money Laundering Directive (4th EU AML Directive) was enacted on 25 June 2015, and fully implemented on the 26 June 2017, replacing the third Anti-Money Laundering Directive. As well as a greater emphasis on risk assessments to combat money laundering (AML) and terrorist financing (CTF) at every level, the Directive... read more
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Compliance solutions: To build or buy regtech?

14th September 2017

Company: Infosys Limited
Regulatory compliance has always been and will always be one of the top priorities and concerns of every financial institution (FI). Regulatory reforms following the global financial crisis of 2008 compelled FIs to make substantial investments in risk and compliance – both in terms of technology and headcount – to prevent and remediate... read more
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Fintech is still booming in India despite general economic downturn

13th September 2017

Company: bobsguide
India’s gross domestic product (GDP) growth failed to meet expectation as it slumped to 5.7% during Q2 this year, government data reported late last month. This compares to Q1 growth figures of 6.1% this year and 7.9% for Q2 last year. Many analysts expected GDP figures to rise following the government’s crackdown on black... read more
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MiFID II: Six significant changes for Client Lifecycle Management

13th September 2017

Company: Fenergo
The Markets in Financial Instruments Directive II (“MiFID II”) aims to improve current European legislation by introducing further transparency into financial markets and extending increased protection to investors. The incoming directive will add increased complexity to the Client Lifecycle Management process for banks within the EU,... read more