Login Login Contact Contact



RTA Associates - Financial Crime & Conduct: Exploring Regulatory Technology – A New Approach

March 2018 Kompli-Global

RegTech Associates, home of the RegTech Directory, is the largest independent RegTech community. We actively partner with regulators, RegTech service providers, regulated financial institutions and regulatory experts to promote collaboration in this space.

During the March 2018 event in Paris, participants including Kompli-Global, BNP Parobas, HSCBC and Capco expressed a strong appetite to understand how technology can help them address regulatory requirements, and to increase their awareness of existing solutions.

A range of themes emerged, including what Financial Crime and Conduct regulations have in common – both require monitoring a considerable number of data sources. Without adequate context, it is virtually impossible to begin addressing how to analyse effectively the enormous datasets involved.

Discussions outlined current trends and potential approaches, focusing on issues faced by specific financial services industry segments in addition to considering the wider contexts of globalisation and data-centric challenges.

This whitepaper sets out to share insights presented by banking and RegTech experts who participated in the event’s panel discussions.

John Davies, CEO of Kompli-Global, focused on how to ensure criminals cannot abuse customers and how financial institutions can perform better due diligence checks. He outlined how organised criminals understand rules-based systems and how these are fragmented across the globe – they consider situations in isolation and play on the rules of legitimate business. Past “deep” due diligence checks are known to have missed all signs of illegal activity – for example where some fraudsters were operating elaborate scams.

Given the complexities of international businesses, onboarding international clients can be particularly labour-intensive. Many checks that may be considered sufficient for a given purpose locally (e.g. requesting a copy of passports and utility bills) are very unlikely to be sufficient.


Media Contacts

Martin Rutland
Kompli-Global Limited
+44 (0) 776 8882 525

Scott Girling-Heathcote
+44 (0) 844 2939 764

Recent Videos

emerging payments association award icon REGTECH 100 award icon Data Protection Compliance 2017 award icon CIO Regtech top 10 2017 award icon Kompli-Global Limited FSQS Certificate icon

Your Privacy is Important.

We use cookies to make sure you get the best experience on our website. You can find out more about how we use cookies in our Cookie Policy

In accordance with Data Protection, any personal information provided will be treated in the strictest confidence so we promise not to re-sell or distribute your data. Our Privacy Policy describes which personal data is collected and for which purposes such personal data is processed by us.
We are also commited to the EU e-Privacy Directive. Kompli-Global has a strictly no-spamming policy, we don't like it and we know you don't either.

2017 - 2020 © All Rights Reserved. Privacy Policy | Using this site | Cookie Policy
Kompli-Global and Kompli are registered trade marks of Kompli-Holdings PLC
Registered in England and Wales No:10628364 | VAT Registration No: 270 5903 07