How can FSIs ensure compliance as channels of communication evolve?
Content Editor, FStech
Principal Regulatory Advisor, Smarsh
Dr Kevin Keenan
Senior Director of Data Science, Smarsh
There has never been a time when FS firms didn’t have to deal with monitoring illicit employee communications. But the introduction of ever more channels of communication, with new apps appearing seemingly every month, means there are more ways than ever for mishaps - and malicious activity - to fall under the radar.
Organisations now need to shift through unprecedented volumes of metadata to pick up on "signals" which can indicate compliance infractions. Particularly as evolving data protection and data privacy regulations in the UK, the US, and Europe mean that the potential negatives of non-compliance are higher than ever before.
As a result, many firms are turning towards AI and machine learning to sift through their metadata, and to pick up on valuable signals that can save their firms from potential disaster.
To delve further into these challenges as well as some possible solutions, FStech was joined by Shaun Hurst, Principal Regulatory Advisor and Dr Kevin Keenan, Senior Director of Data Science at Smarsh.
Meet Evelyn, your Economic Sanctions/PEP/Adverse Media Alert Adjudication Analyst
Meet Evelyn, an Economic Sanctions/PEP/Adverse Media Alert Adjudication Analyst, who uses native AI/ML capabilities to automate the Customer/PEP screening and Negative News screening alert adjudication processes for leading BFS organizations with greater speed, accuracy, and consistency than human analysts.
New Business Frontiers
FStech’s Mark Evans discusses the future of financial services with Liu Jianning of Huawei, covering the limitations that current thinking can impose, how financial institutions can embrace technology to be both agile and resilient, and making space for the organisation to focus on the job of creating innovative business models and on delivering business value for their customers.
FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.