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A Roadmap to Resilience: How Banks Can Leverage AI to Advance AML Capabilities
Pleased to share my latest article in The International Banker on how regulated entities can maximise their Compliance programme investment in AI - starting with getting their data in the best possible shape to inform any downstream model or process. You can find the article here:
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Quantexa's SME newly released SME classifier - are you accurately identifying your SME customers?
Quantexa has introduced a new classifier for Small and Medium-Sized Enterprises (SMEs) based on European Commission guidelines, designed to scale for extensive legal hierarchies. This tool addresses the critical need for accurate SME classification, which plays a significant role in various sectors, including credit risk…
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How to Grow Your Correspondent Banking Business - New Blog
Why is Correspondent Banking relevant for growing economies, and how can we foster these relationships to be safer, more reliable, and additionally grow the Correspondent Banking business ? You will find my attempt to answer these important questions in this blog post: To all Correspondent Banking professionals: please…
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A Tale of Two Investigations: Transforming Financial Crime Risk Monitoring and Investigations
The adoption of technologies to enhance financial crime risk monitoring has become ubiquitous within the banking sector. These technologies span a spectrum, ranging from the automation of fairly binary controls to the deployment of black-box Artificial Intelligence (AI) models. Regulators are increasingly advocating for…
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Advancing Correspondent Banking Insights: Managing Respondent Banks Risk
As a follow up to my previous blog on Managing non-customer risk in Correspondent Banking, I have written a new blog on Managing Respondent Banks Risk. 3 key points from the new blog are: Correspondent Banking Risks: The article explores risks in correspondent banking, covering both macro and micro aspects. FATF…
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Top 25 global banks see 7.8% QoQ growth in MCap during Q1 2024
. Citigroup and Sumitomo Mitsui Financial stocks see over 20% growth . Indian banking major HDFC Bank loses over 15% market value . JPMorgan Chase continues to top for the eighth consecutive quarter The aggregate market capitalization (MCap) of the top 25 global banks surged ahead by 7.8% to $3.89 trillion…
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Reimagining Monitoring and Detection
Certainly, we’re long overdue to rethink, or even better, to start the discussion around the current landscape of transaction monitoring. Let’s get the topic started with a few key points: Does it make sense to continue with the way detection and monitoring have historically been done? What is the intent of current rule…
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FCA Dear CEO letter for wealth management and stockbroking firms - Are you doing enough?
The UK Financial Conduct Authority has published a ‘Dear CEO’ letter this week to wealth management and stockbroking firms. The letter highlights two areas of concern, prevention of financial crime and implementation of the Consumer Duty. Specifically related to Financial Crime, it notes that the FCA expects firms to: not…
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🏆Quantexa's Chris Bagnall wins ACAMS Today Article of the Year 2023🏆
We're delighted to share that ACAMS has announced the 2023 winners of the ACAMS Global Awards, with Quantexa's @Chris_Bagnall and Sara Crowe, Senior Vice President - Global Financial Investigations and Intelligence, Citi, winning ACAMS Today Article of the Year (2023) for their brilliant piece Understanding Human…
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Chris Bagnall's 3-Part Series on Human Trafficking
In the article "Understanding and Identifying Sex Trafficking" @Chris_Bagnall, from our Product Management department, discusses the following key points: Definition of Sex Trafficking Diverse Business Models: Sex trafficking doesn't always involve sophisticated international criminal networks, as portrayed in Hollywood.…
