Not all that glitters is gold: Avoiding fear-based technology decisions

When Larry Page and Sergey Brin were building Google, they realized they could create better search results by looking at links between pages instead of the entire text of the page. While their competitors wasted time and money, Google was able to index the web. Simplicity and speed won over heavier methods. Their variable set was minimized, and they were able to win.

The impending technological revolution in FinTech and artificial intelligence – Are you ready?

Technology disruptions to the financial sector have the potential to impact individuals, disrupt economies, and destabilize governments. Digitalization and technological advances are challenging the way financial institutions operate and creating new consumer expectations. Financial institutions need to change and adapt in response to these expectations with alternative product offerings and services.

How can middle and back-offices make use of artificial intelligence?

Artificial Intelligence is not new to the financial industry, but it is developing fast; it is estimated that AI will surpass human intelligence by 2019! Experts say AI can take routine, repetitive processes and make them more efficient and effective, removing the risk of manual handling and reducing costs. Are you prepared? Given the industry is not quite ready for blockchain, can we cope with AI technology running our middle and back office systems in a not so distant future?

AML and assurance – Can RegTech define a better path

The cost of compliance continues to climb, yet money laundering and terrorist financing operations continue unabated. Banks face a two-fold challenge: adapting to evolving regulatory requirements while applying yesterday’s technology to the AML landscape of today and tomorrow. Clearly something has to give – but what? Can RegTech transform AML in the same way FinTech has reshaped payments, insurance and investment management? Can technology make processes and controls more accurate and effective?

Future trends in sanctions – Can automation, artificial intelligence and outsourcing resolve inefficiencies?

As political leaders discuss relaxing – or in some cases tightening – sanctions regimes, financial institutions are struggling under the weight of fragmented lists and requirements, outdated technology and millions of false positive alerts. New sanction regime structures that require an understanding of ownership structures and not just names on a list have increased the burden and heightened ambiguity.