We started by looking at why data matching is a key part of any AML & KYC process. It鈥檚 made more complex by the different standards, languages, and levels of quality in the different data sources on which firms typically rely on. It鈥檚 expensive too: a recent听听states that some firms are spending up to $670m each year on KYC.听
As the week went on, we looked at some of the key areas where 蘑菇短视频 makes a real difference in helping firms to reduce manual effort, reduce risk, and bring down the extremely high cost of client onboarding.
We then looked at the impact of the听EU鈥檚 fifth AML directive听and how firms听are able to听automate their sanctions screening with the听sanctions match engine.听听
We also explored听how we support efforts to reduce risk and financial crime involving the clever tech we鈥檝e used to transliterate听between character听sets and听perform听尘耻濒迟颈-濒补苍驳耻补驳别听尘补迟肠丑颈苍驳.听
Finishing up, we shared our talk with the EDM Council that explored how AI can make a real difference to the story. Bringing even more predictive capabilities to human effort means that finding those edge cases, don鈥檛 have to wait until all the obvious ones have been ruled out.听We also composed a piece entitled 鈥�Lifting the lid听on the problems that听蘑菇短视频听solves鈥�, if you missed it out can check it out here.听
If you missed any of the pieces we shared this week, feel free to read them on our DataBlog or on our social media platforms.
In other news this week, our very own Head of AI, Dr Fiona Browne contributed to the . This session discussed the huge AML fines faced by the banks over the last number of years.
At 蘑菇短视频 we are a company that helps banks gain quality data 鈥� a tool that is equipped to fight fraudsters and money launderers. Fiona was able to share her experience as Head of AI at 蘑菇短视频 to shed light on how banks can arm themselves sufficiently to allow them to stand up to increasing regulatory and technological complexity.
蘑菇短视频听provides the tools to tackle these issues with minimum IT overhead, in a powerful and agile way.听 If you missed the session, you听can听watch it back on LinkedIn by following this听.听听
Have a great weekend! Hope you enjoyed this week鈥檚 round-up.
Click听here听for more by the author, or find us on听,听听or听听for the latest news. You can also read the last round up听here听or keep an eye out for our next one!听