A panel of RegTech founders and peers discuss their solutions, the opportunities and the challenges
Recent examples of payments fraud have shown that they can succeed because of weaknesses in security at one endpoint in the ecosystem. While wholesale payments fraud can cause material risks to individual financial institutions, it may also have a broader systemic impact on a payment system, its ecosystem and the broader economy.
It’s been estimated that 96% of corporate innovation initiatives fail. Another form of innovation, startups, actually fare worse, with fewer than 1% succeeding. Yet over the last 80 years, the startup and venture capital industry has consistently generated outsized returns from investments in innovation
Sanctions filter testing: Determining effectiveness and driving efficiency in a fast changing sanctions landscape
This session will consider regulatory developments that are now shaping this space and driving the urgency for sanctions filter testing in APAC and globally. We will discuss how to control effectiveness, provide regulatory evidence, and maintain and develop an effective sanctions compliance programme.
SWIFT’s Sanctions Testing experts demonstrate how regular testing using our community
-inspired tool is helping leading banks demonstrate sanctions compliance to their senior management and overseers, while tuning for achieving enhanced screening effectiveness and operational efficiency.
Merging Human Intelligence with Artificial Intelligence the next generation of AML investigation and detection
Artificial Intelligence is powerful but is unable to use the Human Intelligence effectively. Entity Resolution and Network analytics is the bridging technology that effectively combines Human Intelligence with Artificial intelligence and is enabling organisation to reduce false positive as well as finding criminal elements such as Human Trafficking, Terrorist cells and Ivory Smugglers. It also provides a mechanism to effectively monitor Trade, Markets and Correspondent Banking
Trade finance is at a unique moment; a combination of technology, environment and regulatory factors means the industry is set to transform. Many banks are investigating how to leverage technologies such as distributed ledger, changing the way they do business and opening up their ecosystems. Together with four banks, Accenture and Finastra will engage with participants to co-develop client-driven visions and break barriers to deliver the business models and ecosystems of the future.
Connect with your peers and colleagues over cocktails and canapés in the stunning Harbourside Café, overlooking the vibrant Darling Habour
Join us at the knowledge bar to discover everything about our portfolio of KYC and reference data products and how they can help improve your due diligence experience and increase customer satisfaction. Ask us any question you might have on what data we provide and how our solutions can be accessed or integrated within your own environment.
Regulatory focus in Asia Pacific is at an all-time high, and financial institutions are being pressed to raise their game in response. This Knowledge Bar session will provide an interactive opportunity to discuss current priorities and the impact of increasing regulatory pressures, including more prescriptive approaches to sanctions testing, the shift from KYC to KYCB (‘Know Your Customer Behaviour’), as well as further changes anticipated in 2019.