F*ck Compliance: Pivoting to Data-Driven FinCrime Risk Management

Discussion Table
4/10/19, 10:30 AM - 11:30 AM (CEST)
Discussion Table 1

This session intends to provoke a wholesale rethink of how we address financial crime (FinCrime) risk management. How have we spent hundreds of billions, and still see weekly reports on all nature of misconduct? How have entities voiced commitment to preventing financial crime, yet been misused by external parties and, on occasion, complicit employees? How have efforts and inputs been so thoroughly disassociated with the results and outputs? FinCrime is an area where the lessons of the past are clearly not the lessons of the future, and this session will explore a better alternative; one that uses data, complex modelling and machine learning to reduce financial crime and deliver efficient and reliable results.