FlagrightHQ·3 days agoA Cost-Effective Solution To Preventing Financial CrimeFintech is a broad term that describes a variety of established areas of business. When it comes to putting together a compliance strategy and addressing regulatory needs, this may be a real pain. Budget concerns are a common stumbling block, especially for newer startups that are still expanding and finding…Fintech5 min read
PalantirinPalantir Blog·May 10Stopping Modern Financial Crimes Requires a Modern ApproachToday’s financial criminal is sophisticated; so, too, must be today’s anti-money laundering strategies — Editor’s Note: On May 10th, Palantir’s Daniel Nagle (Head of Financial Crimes Solutions) sat down with Mae Cheng of the Barron’s Group at the Wall Street Journal Risk & Compliance Forum to discuss the role of technology in Anti-Financial Crimes. This blog post is an expanded excerpt of the session.Aml4 min read
Andy Spears·Apr 23Why You Shouldn’t Send Money with MoneyGramMoney transfer company is repeat offender of financial crimes — The Consumer Financial Protection Bureau (CFPB) and the New York Attorney General filed suit against remittance provider MoneyGram alleging the company’s practices repeatedly harmed consumers. According to the complaint, MoneyGram systematically and repeatedly violating various consumer financial protection laws and leaving families high and dry. …Money2 min read
Rik CoeckelbergsinThe Banking Scene·Apr 13How Discai Rewrites Financial With AIKBC Group has been a front runner in the financial sector for many years, not just in Belgium but also internationally. To make this concrete: SIA Partners voted their mobile app as the best banking app worldwide. “Technology is the future, and has become a strategic element in our core…Regtech4 min read
Willie WitteninFifth Grade Finance·Apr 1204/12/2022 — Frontrunning (A Crash Course)Frontrunning. Perhaps you have heard of this trading term, or maybe it’s new to you. Regardless of one’s level of understanding, the practice is patently illegal, even if a detailed analysis of daily market activity might suggest otherwise. Please forgive the aggravated tone of the following musings. Hopefully the rationale…Financial Crime4 min read
Peter Whiteneck·Apr 3The Visa Program Angering EveryoneYou have likely heard of it, at least by one of its many names: golden visa, golden passport, investor visa, economic citizenship programs, the list goes on. …Ukraine War4 min read
FINTRAIL·Apr 4Hiring a Diverse and Inclusive FinCrime TeamAt FINTRAIL, we strive to improve diversity, equity and inclusion (DE&I) in all aspects of anti-financial crime. We co-created the FinCrime Principles of Inclusion to increase awareness of this important area and to provide practical, implementable guidance. …Diversity6 min read
Shmuel Peles·Feb 15Integration Pattern for Financial Risk MonitoringSuppose you want a single platform to support all types of financial crime risk evaluation and operation. In that case, you need to understand the fundamental differences between different kinds of financial risk, business impact, and requirements. Real-time and batch Assuming there is no different requirement for one approach vs…Fraud Prevention4 min read
FINTRAIL·Feb 7FINTRAIL’s FinCrime End of Year Report: Lessons learned in 2021 and development points for 2022On Wednesday 2 Feb 2022, FINTRAIL delivered a webinar on our “FinCrime End of Year Report: Lessons learned in 2021 and development points for 2022”. For those who weren’t able to make the session, here are our key takeaways: 2021 Key Learnings The FCA sent a Dear CEO letter to retail banks in…Financial Crime5 min read
Jack Wilson·Feb 3What Do I Do Now?“What do I do now?” This question was instrumental in shaping my decision to enter the cyber security profession, but it wasn’t one I was asking myself… Financial ruin. Poverty. Lost homes. Lost jobs. Relapse into substance abuse. Psychotic breakdown. Suicidality. Social isolation. Divorce. Stroke. Anxiety. Depression. PTSD. Miscarriage. The…Cybersecurity4 min read
