Venue
Webinar

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Event Date Thu Jan 27 GMT (in about 9 hours)
In your timezone (EST): Wed Jan 26 7:00pm - Wed Jan 26 7:00pm
Location Webinar
Region EMEA
Details

Among the topics to be discussed at this webinar are:
• What are the costs of (a) financial crime compliance (b) financial crime non-compliance and (c) financial crime?
• What are the causes of the cost of financial crime compliance?
• How large a proportion of the costs of financial crime compliance are attributable to customer due diligence?
• How large a proportion of the costs of financial crime compliance are attributable to the volume and complexity of financial crime regulations?
• To what extent has financial crime compliance become merely a corporate insurance policy?
• Are the goals of regulators (laws, regulations and fines) and regulated (profit seeking, cost controlling) fundamentally at odds in the field of financial crime?
• To what extent do other regulatory initiatives (Faster Payments, Open Banking, Open Finance, customer confidentiality, e. g. GDPR) make financial crime compliance harder?
• To what extent do customer demands (faster transactions, faster on-boarding) make financial crime harder to detect?
• Established financial institutions are burdened with legacy systems, legacy processes and siloed customer databases in multiple formats. Can these obstacles be overcome at reasonable cost?
• Public databases are often incompatible, incomplete and inaccessible. What responsibility do public authorities have for improving data quality?
• What can established financial institutions learn from challenger banks and FinTechs?
• Has the use of technology so far (e. g. eIDV, eKYC, biometrics) made a material difference?
• Is hiring more people effective?
• What improvements have artificial intelligence (AI) and machine learning (ML) delivered?
• Are financial services firms too busy complying to innovate?
• Should financial services firms be more willing to share data with each other?
• Can investing in data, technology and better processes actually cut the cost of financial crime compliance?
• Why are financial services firms sceptical of digital identity?
• What responsibility do public authorities have for encouraging adoption of digital identities?
• Do regulated firms see the links between digital identity and Open Banking, Open Finance and Open Data?

Speakers

2022 Speakers

MODERATOR:

Dominic Hobson
Co-Founder, Future of Finance