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ACAMS Europe - still time to register for the roundtable next week
With just a few days to go, it promises to be another great conference with a lot of focus on topics including sanctions circumvention, shell company detection, UBO intelligence and how to make the best use of your technology and resource investment to help meet these challenges - now and in the future.…
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Data Quality is STILL fundamentally unsolved issue!
Having met a couple of customers in the banking sector this week in South East Asia, a real pain that have been constantly shared was data quality. That's due to incomplete information, inconsistency, lack of standardized entries and so on. Issues that we all probably know of. Not that's a surprise of any sort, but the…
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The Wild West of Banking
The world as we know it certainly feels as if it’s gotten smaller – from everything from sporting events like the World Cup, to historical events and human relief efforts. Arguably, there is no segment where this is more evident than the world of business and economics. Instead of micro and regional markets, companies big…
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How Synthetic Identities Are Impacting the Insurance Industry
Synthetic identity theft involves creating a new identity from pieces of real and false information. Fraudsters often use real Social Security members (SSNs) combined with fake names and addresses to create these “synthetic” identities. These fraudulent profiles can be used to open credit card accounts, apply for loans, or…
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Rethinking MDM and Our Approach to It - Complete Blog Series is out!
Hello folks, The complete blog series about "Rethinking MDM and Our Approach to It" is now published. Here are the links for each individual part: Part 1/4: Rethinking MDM and Our Approach to It - Intro Part 2/4: There is no such thing as a "Single View" Part 3/4: Data isn't a first-class citizen Part 4/4: Traditional…
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Insurance data privacy & ethics - how far does the market need to go?
Since the inception of GDPR in Europe & CCPA in the U.S. (both in 2018) the world of data privacy and ethics has been a hot topic within the insurance market. As individuals we all should care about how our personal information is obtained, stored, accessed and used. For fraud and financial crime there are usually…
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Welcome to the Data Management User Group
✔️Don't forget to 'join' this group, once you have joined you will be able to participate in conversations within the group. It will also mean you can stay up to date with all the latest. What would you like to see in this group? Comment below 😀
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Welcome to the Group
✔️Don't forget to 'join' this group, once you have joined you will be able to participate in conversations within the group. It will also mean you can stay up to date with all the latest. As the cliche goes, it takes a network to catch a network! We're delighted you have joined the growing global Financial/Economic Crime…
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Financial Crime User Group Tags
Please click on the following tags to explore specific areas within financial crime: Trade AML Markets AML Correspondent Banking
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Welcome to the private Quantexa Government Group!
This is an exclusive group open only to Quantexa customers within the government sector. Why not introduce yourself by answering these questions in the comments below. I'll start! - Current role: Customer Success, UK Government - Based: Uckfield, East Sussex - Background: I moved to Quantexa in May 2022, having come from…
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How Contextual Monitoring is a gamer changer for Correspondent Banking AML
Join us for a short Fireside Chat session to learn more about Correspondent Banking and how next generation monitoring can help: Overarching topic: What can institutions do to improve their AML monitoring capabilities in the Correspondent Banking space. Can leveraging Entity Resolution and data enrichment reduce alert…
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KYC Forecast: Re-defining know your customer
Do you agree that the traditional know your customer, or KYC, process is changing? In this report, 1LOD is looking at how the core customer due diligence (CDD) and enhanced due diligence (EDD) processes – which are based on periodic snapshots of client data, driven by specific regulations – will need to provide a more…
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Anti-Money Laundering in Capital Markets: Time to Embrace Innovation
Detecting money laundering risk in capital markets is a challenge which the industry has long struggled to effectively overcome. It is clear that the traditional rule-based transaction monitoring systems are not working and capital market firms need to adopt new technologies and approaches to stamp out money laundering.…
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ISM Showcase 7 June 2023
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Entity Resolution as the Secret Ingredient to transforming risk and compliance with Perpetual KYC
Join us for a short Fireside Chat session addressing some fundamental questions about the importance of ER as part of a pKYC transformation: Overarching topic: How to cut through the noise of event detection and maximizing pKYC?Leveraging Entity Resolution to drive efficiencies and effectiveness in KYC operations Step 1:…
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Transforming Risk and Compliance with Perpetual KYC: Entity Resolution as the Secret Ingredient
In recent years, how to transform Know Your Customer (KYC) processes has been a hot topic of discussion. There is a growing interest in finding ways to reduce costs whilst maintaining a strong awareness of customer risk and a stellar customer experience. Advanced solutions have emerged in in the form of perpetual or…
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Network Analysis of ICIJ data shows how to stop Russian oligarchs in their tracks
I thought this was really cool and wanted to share. Complex systems of secrecy: the offshore networks of oligarchs: and to really rein in Putin’s allies’ wealth, governments should target their financial enablers, a new study suggests, read more here:
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To use a Graph DB or not?
Graph databases (Graph DB) are gaining popularity as an alternative to traditional relational databases due to their ability to manage highly interconnected data. However, the decision of whether or not to use a Graph DB is dependent on several factors and is not straightforward. Some users of Graph DB technology have…
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Challenges with Assessing Insurance Fraud Risk
I recently had a conversation with several industry colleagues discussing challenges of assessing insurance fraud risk. We can all come up with the usual proactive survey questions, baseline check list and traditional risk assessment methodology but depending on who you’re surveying at what level within the organization or…
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Trade Finance control framework - video Q&A
Join us for a short Q&A session addressing some fundamental questions about the Trade Finance control framework: Why are regulators so focused on Trade Finance and is it a high risk product? What is the evolution of the Trade Finance control framework? What role can Quantexa play in this evolution? What comes next?
