Banks turn to network tools and anomaly detection to fight financial crime

Matt_Long

Great article, with insights from Alexon Bell and Patrick Craig, looking at why Financial Institutions are increasingly using entity resolution, network analytics and anomaly detection to tackle the misuse of trade finance for money laundering and fraud.

As the article notes, the importance of systemically identifying potential collusion and social connection, as part of understanding and addressing a more holistic customer and counterparty risk is explored.

What are your thoughts?

https://www.gtreview.com/news/fintech/banks-turn-to-network-tools-and-anomaly-detection-to-fight-financial-crime/#.Y2OXLaYRAKc.linkedin