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!Catch 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:
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:https://internationalbanker.com/technology/a-roadmap-to-resilience-how-banks-can-leverage-ai-to-advance-aml-capabilities/🏆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 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 Trafficking. This is the first article of a three-part series which you can find in our Community Library. See the full announcement from ACAMS.Check out the latest from our Specialist User Groups!
The Quantexa Specialist User Groups provide opportunities to network and join industry and solution focused conversations! Here's what you might have missed this month from our Data Management, Financial Crime, Insurance, and KYC groups: 🥇Quantexa Wins GOLD at Insurance Times Awards!🥇 Perspective: Addressing SEC-Identified AML Program Deficiencies at Broker-Dealers Chris Bagnall's 3-Part Series on Human Trafficking 📅 London Insurance: Quantexa, Accenture & Google Cloud - Contextual next-gen AI insurance market 📅 Allied Market Research Forecasts Insurance Fraud Detection Market CAGR 24% If you haven’t already why not join a user group today: 💻 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. ❗️If you have a suggestion for another Specialist User Group you would like to see, please comment below 😊 Find more of the best content from across the Community in our monthly digest: What Happened on the Quantexa Community in September
