Webinar - Feb 12th - Harnessing Data and AI to Fight Financial Crime in Payments
Harnessing Data and AI to Fight Financial Crime in Payments🚀 Join us for an insightful webinar hosted by Microsoft, in collaboration with our partners Quantexa, iPiD, and EY. We'll explore the latest trends in financial crime within the payments industry, including progress on the EU's Verification of Payee (VOP) deadline and its implications. 🌐 Event Details: 📅 February 12th, 2025 🕒 11:00 AM – 11:45 AM CET Don't miss out on this golden opportunity to fortify your knowledge and network with industry leaders. Secure your spot now! 🔗 Sign Up Now: Harnessing Data and AI to Fight Financial Crime in Payments #Microsoft #MicrosoftVirtualBriefing #Data #Financial #Crime #Payments #Qalliancespowered
Detection Packs Release, How I Became a Data Engineer & September Highlights
🍂September Top Picks FinCrime Detection Pack 0.4 is now available How I Became a... Data Engineer AI at Quantexa A Day in the Life of a... Solution Architect A Day in the Life of ... a Global Partner Read more in All Discussions 📚Latest from the Library 🔒member exclusives Business Analyst Entity Review Checklist 🔒 Recording Outcomes from Entity Resolution Review 🔒 Custom Regression Testing Using Statistical Profile Testing Framework Read more in the Community Library ❓Quantexa Support 🔒member exclusives Spark - jobs keep hanging when finished 🔒 Unable to search on UI 🔒 How to enable or create pin items in customized search results table view🔒 Help other Community Members in Someone Needs Help 📆 Events Webinar | The Biggest Challenges in Data Quality: How Far Can AI Go to Solve Them? Join an Exclusive Q Assist Testing & Feedback Session 🏆 Community Rewards Earn Community Swag with 25 Best Answers! Congrats to our members with the most accepted answers so far 🎉 🥇 🥈 🥉 Learn more about our rewards program in Get Rewarded Stay connected, stay informed, and keep contributing!
QuanCon24 On-Demand: Tackling Financial Crime and Fraud In The Era Of AI
About QuanCon24 In an era of disruption – from supply chain disruption, geopolitics, cost of living, and elections – organizations face a multitude of critical decisions that can lead to increased risk, missed opportunities, or dead ends. Organizations must evolve to make fast confident decisions to become efficient, resilient, and reach goals before the competition. But so much more is possible with the right data in the right context. Now, you can watch our key sessions on-demand. Watch now. About this session This expert panel, moderated by Quantexa’s Chief Marketing Officer Matt Hooper, focused on how macroeconomic shifts are impacting risk and governance across industries. It featured four industry trailblazers: Jocelyn Norval, Global TM and Screening Lead, ING Kai Schrimpf, Head of Monitoring and Screening Controls, Morgan Stanley Mark Cheeseman, Chief Executive Officer, Public Sector Fraud Authority Neil Jones, Head of 1st Line Financial Crime, Danske Bank There is a multitude of socioeconomic factors that are impacting the ecosystem of financial and economic crime activity: the reshaping of the governance, risk, and compliance landscape; an impactful year from a political perspective across the world; ongoing market volatility for the last few years – to name a few. But AI and innovative technologies hold some answers to overcoming these challenges and effectively tackling financial crime and fraud in a consistently evolving landscape. Join Matt Hooper, Chief Marketing Officer at Quantexa, and experts at private and public sector organizations from across the globe to discover how the transformative power of generative AI and new technologies can counter financial and economic crime. Key topics: The importance of taking a holistic and integrated approach to tackling economic crime and embracing AI How the experts are looking at technology to meet today’s demands and future-proofing approaches The innovative work around counter fraud and anti-money laundering and lessons learned from the experts’ decision intelligence journeys The potential and future vision for organizations to continue fighting economic crime, challenges and opportunities that may arise, and why public-private partnerships are integral to success Watch Tackling Financial Crime and Fraud In The Era Of AI on-demand and discover our key sessions from QuanCon24.Join the Conversation: Highlights from Solution & Industry User Groups 💬
Did you miss out on the latest discussions in our Financial Crime, Insurance, KYC and Data Management Specialist User Groups? Here's what you might have missed: Join a group to stay up to date: 💵 Financial Crime 🛡️ Insurance 🙋♀️ KYC - Know Your Customer 💻 Data Management
📚New ebook available: Learn Operational Efficiency with FIU Modernization
In line with the recent 30th Egmont Group Plenary focus on “The Next Generation FIU”, we are pleased to publish a collaborative transformation blueprint. This guide highlights key considerations on how FIUs can select and implement innovative decision intelligence technologies to enhance effectiveness, facilitate collaboration and tackle emerging typologies and risks. You can access the guide here: Learn Operational Efficiency with FIU ModernizationQuantexa Technical Foundations Release 2, the First Community Grandmaster & June Highlights
June Top Picks: 📢New Education Program Launch 🚀 | Quantexa Technical Foundations Release 2 🔍Tips & Tricks for Managing Large and Complex Networks - Update for 2.5 & 2.6 🏆Congratulations to our first Community Grandmaster 🥳 Latest from the Community Library: 📖 A Day in the Life of... a CEO 📖 Deploying Quantexa's Application tier on OpenShift Container Platform (OCP) - login required 📖 Entity Quality: The Good, the Bad and the Ugly - login required 📖 An Introduction to Knowledge Graphs and qKnowledgeGraph 📖 Kafka Streaming Debugging and Troubleshooting - login required Upcoming Events: 🗓️ 16th July: https://community.quantexa.com/events/166-ai-in-government-program-integrity-whos-using-ai-how-why-and-with-what-results 🗓️ 19th July: https://community.quantexa.com/events/169-july-community-connect Specialist User Groups: 💸 FinCrime: Quantexa's SME newly released SME classifier - are you accurately identifying your SME customers? 💸 FinCrime: A Roadmap to Resilience: How Banks Can Leverage AI to Advance AML Capabilities 💸 FinCrime: How to Grow Your Correspondent Banking Business New & Popular Ideas (login required): 💡Disable Transaction Explorer Summarized Results Edit option - New Idea 🚀Improve ability to understand source of information on entity-entity edges - Roadmap Consideration 🛠️DSL should output instances where a single node isn't expanded because of a configured limit- In Progress Q&A (login required): ✅Setting up data viewer ✅Multilingual facet selection resets when changing UI language ✅Is it Possible to Visualize Network Generation Stage Output on Quantexa UI Community Quick Links: 👋Meet the Community Team 🚀 Submit and vote for Ideas in our Ideas Portal 🗣️ Join one of our Specialist User Groups: FinCrime, Insurance, Data Management & KYC 📚️ Browse blogs, articles and guides in our Community LibraryA 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:https://internationalbanker.com/technology/a-roadmap-to-resilience-how-banks-can-leverage-ai-to-advance-aml-capabilities/Catch up on the latest from our solution & industry user groups 💬
Here's what you might have missed this month from our Data Management, Financial Crime, Insurance, and KYC Specialist User Groups: How Can Decision Intelligence Help Identify Medical Provider Facilitation & Collusion? Reimagining Monitoring and Detection Advancing Correspondent Banking Insights: Managing Respondent Banks Risk If you haven’t already, join a user group today to stay up to date: 💻 Data Management Open the door to a truly connected view across all your data assets from across internal and external sources, improve data quality, build applications, and take control of master data. 💵 Financial Crime Unlock value in order to make smarter and more informed risk and intelligence-based decisions. 🔍 KYC- Know Your Customer Shift back to the core purpose of KYC in understanding the risk associated with prospects, customers and their related activity across the life cycle. 🛡️ Insurance Brings together all things to do with insurance at Quantexa and looks to enable customers, partners, colleagues and insurance thought leaders to share expertise. Find more of the best from the Community this month in our monthly digest: Quantexa's AI roundup & the best from the Community in JanuaryCatch up on the latest conversations from our Specialist User Groups 💬
Here's what you might have missed this month from our Data Management, Financial Crime, Insurance, and KYC groups: Don't miss our new 'A day in the life of... an Investigator' series 🔎 Entity Quality Management for Data Quality? A Tale of Two Investigations: Transforming Financial Crime Risk Monitoring and Investigations Investigating Network Fraud: 4 Key Areas for Investigators If you haven’t already, join a user group today to stay up to date: 💻 Data Management Open the door to a truly connected view across all your data assets from across internal and external sources, improve data quality, build applications, and take control of master data. 💵 Financial Crime Unlock value in order to make smarter and more informed risk and intelligence-based decisions. 🔍 KYC- Know Your Customer Shift back to the core purpose of KYC in understanding the risk associated with prospects, customers and their related activity across the life cycle. 🛡️ Insurance Brings together all things to do with insurance at Quantexa and looks to enable customers, partners, colleagues and insurance thought leaders to share expertise. Find more of the best from the Community this month in our monthly digest: 📚A day in the life of a... Technical Lead & Best of Community from November
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 organizations to embrace technological advancements in their fight against financial crime, as exemplified by: FCA, MAS, HKMA all have RegTech support initiatives with digital sandboxes to promote solutions to complex regulatory challenges; MAS provides RegTech grants for Singapore based FIs looking to enhance their risk management and compliance functions with the use of technological solutions; HKMA’s recent AML Regtech: Network Analytics report promotes the adoption of network analytics capability to strengthen the response of banks’ anti-money laundering (AML) systems to deception and other financial crimes. In addition to improving risk identification, many solutions are dedicated to enhancing the actual investigation process by eliminating manual, historically time-consuming and inconsistent steps such as data collation or narrative production for SAR/STR filing. These solutions hold significant appeal as they can streamline resources while maintaining comprehensive risk coverage. The benefits of risk mitigation and operational optimization offered by such tools are widely recognized and discussed. However, what is less frequently discussed is the need to transform the underlying investigative process itself. The most cutting-edge tools may fall short of their full potential if they are not accompanied by process innovations. Transformative technologies demand transformative approaches, that often includes a cultural and mindset shift, as well as a technical one. To illustrate this point, let's examine a financial crime case study through two different investigative lenses and how they can lead to materially different outcomes:
