Do you wonder how certain technologies will affect you in your career? The Tech Scope column features articles on fintech, artificial intelligence, cryptocurrency and more technological advancements in the anti-financial crime field.
Our contributor is Ari Redbord, head of legal and government affairs at TRM Labs. If you would like to contribute to this column or have any topics you would like to suggest, email editor@acams.org.
In movies, investigators put the pieces together. With a massive wall of mugshots, maps and post-it notes, they connect the dots using years of honed intuition—and red yarn. It is an analytical process, and it is exciting. In reality, investigators, especially anti-money laundering (AML) investigators,...
The application of big data and machine learning in anti-money laundering (AML) transaction monitoring (TM) programs is undeniably vast. Over the past five years, financial institutions (FIs) have assessed how they could implement and benefit from machine learning capabilities. Some FIs have already leveraged machine...
New technology platforms offer the promise of dramatic improvements in financial crimes programs for banks and other financial institutions (FIs). But for all its power and potential, technology cannot adequately address today’s anti-money laundering (AML) challenges by itself. To be effective, new technology must...
I was not in the office in Cambridge the day two deadly explosions ripped through the finish line of the Boston marathon. I was working from home, fielding calls from concerned employees. For many Boston natives, one of the worst things about the bombing...
This is part two of a two-part series outlining the key phases and technology required to build social media monitoring driven by artificial intelligence (AI) for anti-money laundering (AML). Part one focused on the first two steps in this pipeline: collection and extraction. Part...
The last three major financial crime cases investigator Glenn Dinetz worked on this year should never have happened because the technology that could have prevented each from escalating already exists. “One of these was a mortgage wire fraud case that involved several financial institutions...
Most have an opinion—or several—about social media. How and why these networks have importance and influence is up for debate. What is not debatable is that social media platforms share useful information and these platforms do have influence. Compromising photos, information leaks and viral memes...
Artificial intelligence (AI) is everywhere. From consumer products like voice assistants and music recommendations to commercial applications for data management as well as email marketing—the technology has arrived and there is much more on the way. AI is driving vehicles, authoring articles and translating...
"I don't have a good feeling. I feel scared,” the voice of a terrified 17-year-old girl pleaded over the phone.1 “You know the borders are closed right now, so how am I going to get out?”2 The voice was Kadiza Sultana, and she was desperately...
An “artificial intelligence (AI) summer” is a period where expectations are high and funding comes easy, where it seems almost every company is harnessing machine intelligence, and where the visions of the future painted by Terminator and Star Trek begin to feel more like...
