Banking Experts: Tech Isn't the Whole Solution to Financial Crime

The industry and researchers are challenging the touting of privacy-enhancing technologies as a cure-all for KYC/AML failures, and advocating systemic reform.

Under the microscope

Banking industry experts are debating the effectiveness of technological solutions in preventing financial crime, in the wake of revelations that some of the world’s largest banks helped criminals move dirty money around the world.

In September, news website Buzzfeed and the International Consortium of Investigative Journalists broke a story revealing how some of the world’s biggest banks are financing international criminals, and exposing the inaction of the US government and law enforcement

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FCA declines to directly regulate market data prices

A year-long investigation by the UK regulator to determine whether competition is hindered in the wholesale data markets has concluded with its decision not to directly regulate much-maligned data pricing and licensing structures.

How GenAI could improve T+1 settlement

As well as reducing settlement failures, researchers believe generative AI can provide investment managers with improved research, prioritization, and allocation resources.

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