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Shirish Netke

Shirish Netke

President at Amberoon
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Bio Shirish Netke is president and CEO of Amberoon Inc., a provider of solutions to measure, monitor and manage risk and compliance for banks and financial institutions using contemporary technologies. Career History Shirish has worked with Fortune Global 1000 companies in 35 countries on problems related to business process and technology. His recent work focuses on business oversight, compliance and process automation based on emerging technologies such as Big Data, predictive modeling and machine learning.

Blogs

Banking Regulations

PPP - A Lifeline and Industry Threat ?

06 Aug 2020

The Paycheck Protection Program (PPP) offers a case study in government activism. It’s vital: At a time when the economy is reeling from a global pandemic, PPP is designed to support a variety of businesses, non-profits, self-employed individuals, tribal organizations and more. It’s massive: $669 billion to be disbursed in a very short period of t...

Artificial Intelligence and Financial Services

PPP is Not a Free Lunch for Banks

04 Jun 2020

During the post-prohibition era in the 1930s, bars offered free lunches to their patrons to get them to buy drinks. 40 years later, Milton Freidman famously summed up the study of economics with the quip – “There is no such thing as a free lunch” or TINSTAFL for short. Now, 50 years later bankers and borrowers alike are recalling TINSTAFL in looki...

Banking Regulations

US Treasury's Strategy 2020 - A Risk-based Approach to AML

10 Feb 2020

Last week, the US Department of Treasury published its 2020 Strategy document that "employs a whole-of-government approach to guide the public and private sectors in addressing 21st century illicit finance challenges." The report highlights the risk-based approach as central to the 2020 Strategy. The report classifies vulnerabilities a...

Artificial Intelligence and Financial Services

What is Agile Compliance ?

28 Nov 2019

As more banks make headlines through failing to effectively monitor and report on money-laundering activity, we need to rethink the AML problem and the roadblocks to solving it. To restate the problem, we have $2T laundered through the banking system every year. About $25B is intercepted by law enforcement and $70B is spent by banks on AML. And yet...

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