Anti-money laundering (AML)
Google urges regulators, market participants to clarify risk guidance for AI models
A new whitepaper from Google finds that existing guidance on the use of AI and ML models for risk management is a start, but leaves room for improvement.
OK regulator? How AI became respectable for AML controls
Dutch court case pressures supervisors to accept new tech; explainability the key challenge
Privacy-enhancing tech and data pooling—a new way to turn the tide on financial crime
Technological innovations have given some players cause to hope that cross-institutional data sharing could become a reality in spite of concerns around data protection.
This Week: Deutsche Bank/FinLync, State Street/Paxos, Glue42/AllianceBernstein & More
A summary of the latest financial technology news.
This Week: Ice, SS&C/Morningstar, Deutsche Börse/DataBP, RBC & More
A summary of the latest financial technology news.
This Week: Ice, FCA, HSBC, UBS & more
A summary of the latest financial technology news.
This Week: Six/Sustainalytics, Nice Actimize, SmartStream, and more
A summary of the latest financial technology news.
As sanctions increase, banks struggle with growing compliance burden
Firms must get data management and compliance culture right if they really want to keep their books clean of crooks and sanctions-dodgers, and keep their reputations and bottom lines clean of regulatory fines.
This Week: LSEG/Quantile, Ice, Morningstar/Sentifi, SimCorp/FundApps, and more
A summary of some of the past week’s financial technology news.
This Week: SmartStream, LSEG/Finbourne, FactSet/Cobalt, DTCC, BNP Paribas, and more
A summary of some of the past week’s financial technology news.
Nordea: Licensing changes could make RPA too expensive
The Nordic bank is looking for ways to mitigate costs as software vendors define new policy categories to capture robotic workers.
Engineers tap machine learning to improve graph analytics
Augmenting graph analytics with AI can detect more complicated anomalies, vendors say.
People Moves: State Street, Northern Trust, JonesTrading, LiquidityBook & More
A look at some of the key “people moves” from this week, including Vincent Georgel-O’Reilly (pictured), who's been appointed Emea head of alternatives at State Street.
Knowledge graphs show glimpse of full potential
Technologies such as knowledge graphs that look at data in a non-linear manner can not only spot correlations and associations that aid investment analytics, but can also help tackle costly challenges such as change management and regulatory reporting.
This Week: Pimco/Man Group, Microsoft & Others, Cboe, Trumid/Goldman Sachs, Fenergo, & More
A look at some of the past week’s financial technology news.
Datactics Experiments with Knowledge Graphs
The company aims to show that pairing good quality data with knowledge graphs can lead to links that previously would have been missed.
EU’s Cloud Vision Still Pie in the Sky
The supporters of a plan for a federated cloud architecture in Europe held a conference to discuss development plans, but it’s still unclear how the concept will work in practice.
Waters Wrap: Is AML Tech Worth the Cost? (And Cloud Moves & More Blockchain)
Anthony wonders if AML platforms are being scrutinized enough by banks and regulators, then looks at Wells Fargo's tapping of HPR for its quant division and Northern Trust’s blockchain plans.
AML Platforms ‘Are Just Not Working’—Is Human Error or Tech the Culprit?
Technologies meant to detect and stop financial crime may add more headaches than they relieve. Others say that the best tech can't overcome how bankers use these tools. The AML dilemma likely falls somewhere in the middle.
Banks Explore Graph Technology to Tackle Data Complexity for Compliance
Although graph technology is still in the early stages of adoption, banks such as Wells Fargo and ING have begun leveraging it to find previously unknown connections between datasets.
Temenos Continues Digitization of its Investor Servicing Portal
Following its acquisition of digital banking SaaS company Kony last year, Temenos will be updating the UX across all its products.
ING Leverages Graph Technology to Identify Suspicious Activity
The bank is developing its data analytics platform, Hunter, to better identify financial crime.
This Week: State Street/Simcorp, Bloomberg, ACA, Broadridge & More
A look at some of the past week’s financial technology news.
Self-Sovereign Identity: The Next Evolution for KYC
R3's Ivar Wiersma explains how the banking industry is moving toward a self-sovereign identity model.