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We have been asked to explain the differences between rules-engines and machine learning for anti-money laundering/banking secrecy act applications on numerous occasions. This question typically arise...
Fraudulent applications present a significant risk to a businesses’ success and reputation. As criminals become more sophisticated in targeting credit cards, loans, current accounts and other financia...
1. Introduction Microservices are the new hot trend in the application architecture landscape. Like SOA (Service Oriented Architecture) and cloud a few years ago, "microservices" is the buzz...
Let's begin with the most common statements on using cloud solutions for online banking platforms I frequently get from clients: Statement #1: No banks use cloud solutions! Answer: Read a bit more of...
From maps to stats, and back again Since I was a teenager in the 1970s, I have loved studying maps. Back then I was growing up in rural eastern Scotland, not far from St. Andrews, the home of golf (
Financial inclusion is a priority for all modern, innovative businesses. Helping to widen the net to those, who up until now, have been unable to access services and products, and being able to make a...
There’s not much you can’t get on the dark web; it’s a lawless haven for cybercriminals. As businesses continue to utilise increasingly stringent identity checks, fraudsters will always be trying to g...
First published on www.swissfinte.ch (Zurich, Thursday, October 2nd, 2019) Considering children as our legacy for the future has never been as striking as after the emotional speech of Greta Thunberg ...
Reserve Bank of India has shared draft guidelines for "On Tap" Licensing of Small Finance Banks in the Private Sector on 13th Sept 2019. As of now, SFB appears to be the only way to become a...
The Legacy Approach In my prior article, I discussed Rules Engines vs Machine Learning for AML/BSA/CFT compliance. In this article we differentiate legacy AML process from modern a Agile Compliance ap...
This week, three major regulated financial firms (PayPal, MasterCard, Visa) all reportedly are getting cold feet about their participation in the Libra Association project. Can anyone really be supri...
The decision by many regulators not to enforce PSD2 Strong Customer Authentication (SCA) on electronic payments on 14th September has given valuable breathing space to e-commerce and payments players....