Anti-money laundering (AML)
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.
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.
Data Poisoning: An Emerging Threat for Machine Learning Adoption
Experts from IBM and Bank of China say they're on the lookout for this emerging threat, as machine learning gains in popularity.
This Week: Nasdaq, Bloomberg, Goldman Sachs, Deutsche Boerse, BNP Paribas, Wolters Kluwer, and More
A summary of some of the past week's financial technology news.
EKG Foundation Preps Industry Consultation, Touts Benefits of Knowledge Graphs for Capital Markets
EKGs will allow financial firms to take advantage of new and existing datasets to serve purposes from upselling, AML and KYC, and regulatory reporting.
This Week: Bloomberg, Interactive Brokers, Virtu, Northern Trust, SimCorp & More
A summary of some of the past week’s financial technology news.
Symphony to Make KYC Play as Part of Ongoing Rebrand
The chat and collaboration platform will tap into the trade and client lifecycle management spaces, beginning with an identity management service.
Silent Eight Preps Transaction Monitoring Tool
The firm is testing the tool with a few clients before making it available to a broader audience.
This Week: Northern Trust/BackRock, Nasdaq, IHS Markit/OpenGamma, MEMX, and More
A summary of some of the past week’s financial technology news.
Don't Cut Alt Data Spend, HSBC Data Manager Warns
Slashing budgets will lead to inaccuracies as banks turn to alt data for fraud detection and to monitor customer behavior during the coronavirus crisis.
Banks Race to Adapt AML Systems for the Coronavirus Age
Lenders expect regulatory lashing if controls fail to keep pace with changes in criminal behavior.
Datactics Takes 'Human-in-the-Loop' Approach to Machine Learning
The data quality and matching specialist is testing an entity resolution model for better transparency and explainability.
Deutsche Börse Foresees DLT Role as Network Operator
The exchange says its function may evolve from a traditional market infrastructure provider to managing decentralized networks.
Oracle Leverages Deep Learning To Detect Financial Crime
Oracle is using deep learning to find matching patterns for graph analytics within its compliance platform.
This Week: Goldman/Finos; JP Morgan/Baton; Caixa AM; IHS Markit
Catch up on some of the past week's financial technology news.
UBS Taps Machine Learning for KYC
The bank is rolling out a project using machine learning and natural-language processing for KYC and AML activities.
Bureau Van Dijk Rebuilds Risk Management Platform
Bureau Van Dijk's Compliance Catalyst has been rebuilt ahead of plans to move the platform to the cloud, as well as navigate the EU's fifth anti-money laundering directive.
Refinitiv and Trulioo Discuss Deepfakes, Synthetic Identity & Crypto in the World of KYC
The pace of technological and regulatory change is fast for KYC/AML compliance, and criminals are keeping pace.
Refinitiv Adds Additional Alt Datasets into Risk Intelligence Solution
The new data sources integrated into World-Check One can assist banks in their AML/KYC processes and trade finance deals.
Northern Trust Looks to Facial Recognition for KYC
The firm is experimenting with the technology, which is slowly being rolled out at retail banks and big tech companies.
Trulioo Expands Into Emerging Markets, Taps Into Mobile Data For AML/KYC
The vendor plans to use mobile data for KYC in Southeast Asia.
The KYC Headache Worsens: An Examination of the Onboarding Process
Despite technological advancements, the onboarding process is still a slog. Banks and vendors are trying to change that.