8 Current Challenges in Financial Crime and How to Manage Them

Sponsored by

Fiserv.
  • When: April 26, 2018
  • Time: 11:00 AM – 12:00 PM ET
  • Level: All

The financial crime ecosystem continues to evolve at record pace, and while new technologies and new channels increase opportunities for engagement, they also bring new opportunities for crime. At the same time, customer expectations for real-time, Omni-channel engagement continue to rise. Financial institutions have to improve their approach, not only to protect themselves from risk, but also to provide their customers with fast, safe and reliable services that fit with the pace of their lives.

We will discuss challenges and trends in the market, strategic considerations for managing these challenges, and how key technologies and best practices can be combine to improve your approach to mitigation.

Learning Objectives

  • Exploring drivers and trends in the AML marketplace, including challenges with KYC, Trade Based Money Laundering, Artificial Intelligence, Machine Learning, human trafficking and more
  • Key strategic considerations for balancing financial crime challenges
  • Understanding how to balance customer experience and risk management in the new world of money laundering

Speakers

Claude Baksh
  • Claude Baksh, CAMS

  • Chief Compliance Officer; Chief Privacy Officer and Chief AML Officer
  • Computershare

Andrew Davies
  • Andrew Davies

  • Vice President, Global Market Strategy, Financial Crime Risk Management
  • Fiserv

Bio

Andrew Davies is vice president of global market strategy for the Financial Crime Risk Management business line at Fiserv. In this role, he works with Fiserv customers around the world to design and deploy effective risk management solutions to mitigate financial crime risks with particular focus on compliance, money laundering and fraud. He is also responsible for seeking new markets and applications for the company’s financial crime detection and prevention solutions.

Davies joined Fiserv in 2007 through the acquisition of NetEconomy. He has worked in the software industry for more than 20 years supporting many of the world’s largest financial institutions, both private and public. Davies’ experience covers real-time payments, front-office trading, risk mitigation of financial crime risk, settlement risk and more.

Davies previously worked for Logica and Nomura, the Japanese bank, in London prior to moving to the U.S. He worked on many diverse programs including secure U.K. government projects, distribution systems, trading systems, derivatives pricing projects, and SWIFT connectivity for payment systems. Since moving to the U.S., he has concentrated on financial crime detection systems and has worked with a variety of institutions to deploy such systems including the Federal Reserve Bank of New York, the Continuous Linked Settlement Bank, ABN AMRO, Manulife Financial, RBS Citizens Bank, Deutsche Bank and the Bank of Tokyo-Mitsubishi.

Davies studied pure mathematics and computer science at the University of Wales. He is a Certified Anti-Money Laundering Specialist and has worked with customers in the Americas, Europe and Asia. He is a respected industry speaker and author having presented at SIBOS and ABA events and has contributed to articles in the American Banker and Credit Union Journal, among other publications

Who Should Attend

  • Compliance Personnel
  • General Counsel
  • Technology Officers
  • Industry Consultants

Region/Industry

  • Technology
  • Global
  • Financial Institutions

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