Quantexa’s Post

🔍 Delving into the FCA's latest update on financial crime prevention 🛡️ The FCA's update in February has shed light on the strides made in combating financial crime over the past 18 months. However, there's still room for innovation and improvement! By 2023, efforts showed progress in a notable slowdown in Investment Fraud growth. Losses decreased by 40%, and victim numbers rose slightly by 4.3%, contrasting with the 28% victim increase and 53% loss rise in 2022. From a targeted focus on fraud to embracing new technologies, it's evident that ongoing collaborative efforts are crucial to reducing modern financial crime. Thanks to Mark Winters for the insight. More to come soon 🗓️ #FinancialCrime #FCAUpdate #InnovationNeeded

How is #Quantexa transforming financial crime risk monitoring and investigations? Trade based money laundering typologies typically consist of 2 complex issues, involvement of multiple layers and requirement of collusion between the trading parties. Quantexa’s trade finance solution tackles this problem by assessing risk holistically at a customer and counterparty level, using both internal and external data, and overall process innovation. In a blog on the #QuantexaCommunity, @Elizaveta Savinykh examines a financial crime case study through two different investigative lenses, and shares how this can lead to materially different outcomes. Read the blog and discover the best of Quantexa's community content from last month: https://okt.to/RqfyDa #DecisionIntelligence

If you're Financial Crime Compliance function isn't using Decision Intelligence, it's behind the curve... Read below how @Jennifer Shasky Calvery, Group Head of Financial Crime Risk and Compliance, and #HSBC are leading the way in using Decision Intelligence for complex financial crime detection. "If I wanted to boil it down into really simple terms, we find more of those financial criminals who are exploiting our products and services, and we find them faster, through tools like Quantexa" #DecisionIntelligence #Quantexa #EntityResolution

💸 We know that financial crime is multifaceted, complex, and growing. 🤷 As a result, most governments and agencies are left grappling with a never-ending list of questions: Which problems first? Which solution is second? Which provider is the right one, out of the plethora of offerings that are in the marketplace? 👇 This is an interesting breakdown of what areas organisations are prioritising when it comes to using technology to combat financial crime. Image courtesy of The Paypers. #financialcrime #AML #fraud #risk #RegTech

How is #Quantexa transforming financial crime risk monitoring and investigations? Trade based money laundering typologies typically consist of 2 complex issues, involvement of multiple layers and requirement of collusion between the trading parties. Quantexa’s trade finance solution tackles this problem by assessing risk holistically at a customer and counterparty level, using both internal and external data, and overall process innovation. In a blog on the #QuantexaCommunity, Elizaveta Savinykh examines a financial crime case study through two different investigative lenses, and shares how this can lead to materially different outcomes. Read the blog and discover the best of Quantexa's community content from last month: https://okt.to/a9fxJU #DecisionIntelligence

From deepfakes to love schemes, and even investment fraud: scammers have done it all. The masterminds of global scam operations, typically tracing back to organized crime, have increased #moneylaundering risk for financial institutions. Hear from Choon Hong Chua, CAMS, Head of Financial Crime Practice Group, on the ways financial institutions can weed out risky behavior. Full video: https://mdy.link/3LWeSNu

Join us for a complimentary webinar to learn how automating BSA/AML processes can reduce your institution’s risk, ensure regulatory compliance, and better identify potential financial crime. CEO Matt Conine will share how we can help your financial institution streamline its compliance efforts and stay ahead of the curve. Choose from two dates: 👉 Register for September 14th: https://lnkd.in/gWtBUHQ4 👉 Register for September 28th: https://lnkd.in/gDaGqjX8 #paylynxs #webinar #BSAcompliance #AMLcompliance

Simplify your risk analysis and monitoring through Thomson Reuters CLEAR, your best in class solution to mitigate risk associated with money laundering and financial crimes. #risk #fraud #compliance #duediligence #AML #financialcrimes #monitor #alert #KYC #onboarding #adversemedia #riskmitigation #fraudprevention #IDVerification #IDV #digitalID #risktolerance #riskscore #security #accountfraud

Close your eyes and picture a financial landscape without Know Your Customer (KYC) regulations. In this imaginative scenario, there are no safeguards against financial exploitation, no checks against illicit activities. My latest infographic delves into some of the potential ramifications of such a world. What do you envision? How would such a world impact global stability, trust in institutions, and everyday communities? I'm eager to hear your thoughts on this hypothetical situation. Share your insights and let's spark a conversation on the importance of KYC in safeguarding our financial future. #KYC #Finance #ImaginativeThinking #LinkedInDiscussion #AML #financialcrime

Financial crime is a challenge that demands proactive and sophisticated solutions. At Brighter Consultancy, we specialise in developing customised strategies to identify and mitigate the risks of money laundering, fraud, and other financial crimes. Our approach integrates advanced technologies and expert insights to ensure your organisation is protected and compliant with the latest regulations. Learn more about our services and safeguard the future of your business. 👉 https://lnkd.in/eznC9z5i #FinancialCrimePrevention #ComplianceSolutions #BrighterConsultancy