Garima Chaudhary

Head of Fin. Crime Solution Consulting at Oracle

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Bio I manage Oracle's Financial Crime and Compliance Solution Consulting organization (team of domain SMEs) for the Americas, covering the key domains of Anti-Money Laundering, Know Your Customer, Sanctions, Fraud, Advanced Analytics and Regulatory Reporting. Career History Over 15 years of experience in financial crime, compliance, risk, business and IT strategy. I have advised a broad range of financial institution globally on their financial crime compliance journeys to transform and drive value.

Blogs

Artificial Intelligence and Financial Services

How to Get Started with GenAI in Financial Crime Compliance

22 Jul 2024

There’s a new subset of artificial intelligence/machine learning (ML) that are taking over news feeds called Generative AI aka Gen AI. As compared to where traditional ML model output predicts, classify or cluster, Gen AI as the name suggests aims to create new content like text, video, audio, image, or code from the training data. Encouraged by...

Financial Services Regulation

What U.K. bank CEOs can do now to close gaps in their anti-money laundering controls

20 Oct 2021

Introduction The Financial Conduct Authority (FCA), the regulator of financial markets in the U.K., flexed its muscles in March of this year when it launched its first attempted prosecution for anti-money laundering (AML) failings against NatWest. A couple of months later, David Geale, the Director of Retail Banking and Payments Supervision for th...

Innovation in Financial Services

8 Ways Innovative Technologies can Boost AML/CFT Program Effectiveness

08 Sep 2021

The current financial crime compliance management efforts are based on a combination of automated but static analysis of a pre-determined set of risk factors, together with human judgement. Legacy systems are updated with new algorithms and manually inputted information, generating matrixes for risk interpretation and action, but these very rarely...

Innovation in Financial Services

How Graph Analytics Revolutionizes the War Against Human Trafficking

02 Feb 2021

The United Nations Office of Drug Crime estimates that $800 billion to $2 trillion, or 2-5% of global GDP, is laundered globally every year. What is driving this massive amount of money laundering? After drug trafficking, human trafficking is the second top motive for money laundering. Forced labor generates over $150 billion per year by robbing ...

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