For the second webinar of our Digital Regulation Series, we were delighted to have Janet Adams join us as an explainability expert. Janet is Head of Strategic Projects and Performance, Business Banking at TSB and has recently completed an MSc in Artificial Intelligence at the University of Essex. There she developed a path-breaking dissertation on … Continue reading FATE and Explainability – Janet Adams tells us about her research
As part of our Digital Regulation Series where we are putting a spotlight on financial crime, we host a webinar on each theme that we are discussing. Our second instalment explored 'Crises, fraud and the use of AI' and we were joined by industry experts Andrew Renshaw, VP of Banking Solutions at Feedzai and Janet … Continue reading The Reg Doctor on the academic theory of fraud and what happens during a crisis.
Fighting financial crime will continue to be a key focus for the global financial industry in 2020. Regulators show no sign of easing up on their expectations with respect to Anti Money Laundering (AML) compliance, especially given the findings of the EU’s postmortem report on recent money laundering cases involving EU banks, the high profile … Continue reading Our 2020 Financial Crime Predictions
2019 was not a good year for fraud detection. The Cifas Fraudscape report showed that fraud in the UK actually rose by 6% in 2019. Accompanied by the fact that 9 of 10 flagged transactions that are suspected fraud are later cleared, this rocky landscape can ruin relationships with consumers and waste company time and … Continue reading Digital finance leads to a paradigm shift in fraud detection technology
As winter approaches, so does the season of coughs, colds and ‘flu. Many of us will take the opportunity of having a ‘flu vaccine to ward off this seasonal lurgy. Unfortunately, ‘flu vaccines are not 100% effective because the ‘flu virus mutates rapidly, making it difficult for medical experts and scientists to predict precisely which … Continue reading Machine Learning can bolster our defences against financial crime
Whilst President Donald Trump’s tweets have already been found to move markets, and having significant consequences for investors, his more recent pronouncements about economic sanctions against Turkey are likely to prove even more of a headache for compliance departments. Financial firms are obligated to comply with economic sanctions as part of their financial crime compliance … Continue reading How technology can make name screening easier….
For our fourth in our series of industry roundtables in collaboration with the FCA, we gathered financial crime practitioners, regulators and RegTech vendors in the Shard for a morning of lively and engaging discussion on all things KYC. Over 20 global banks, asset managers and FinTechs were represented and we also welcomed members of the … Continue reading Joining the FinCrime dots
As with all markets, the RegTech market comprises buyers and sellers - buyers being the regulated institutions dealing with the challenges of ever-increasing regulation and the sellers are the RegTech vendors, offering innovative technological solutions to help regulated firms meet those challenges. Sitting between both sides of the market, here at RegTech Associates we are … Continue reading Navigating the Fog of RegTech Innovation
Continuing our series of blog posts that explore the intersection of the crypto ecosystem, regulation and RegTech, we spoke with Dr Iwa Salami, an expert in financial regulation and law from the University of East London. Why are regulatory authorities paying more and more attention to regulating cryptoassets? At the heart of the original philosophy … Continue reading Achieving a Global Regulatory Framework – an interview with Dr. Iwa Salami
How will regulation impact the crypto world? Actually, my very first presentation in the crypto world was about regulations and I was basically booed off stage. During that time the crypto world was only really about Bitcoin. Back then the Bitcoin world was free and anarchistic, basically people were saying ‘we don't need any regulation … Continue reading Regulating Crypto – An Interview with Erik Wilgenhof Plante
We asked our new Associate, financial crime expert Vesna McCreery to tell us her key predictions for fighting financial crime in 2019. Financial Crime in banking is usually synonymous with regulatory measures to combat money-laundering, corruption and ensuring compliance with financial sanctions. However, we should also consider cybercrime under this umbrella, even though it has … Continue reading Financial Crime predictions for 2019