Author Archive for: deepakb@savvyinfocenter.com
Entries by Deepak Bagle
Ethical Dilemmas of Digital
At a recent dinner with an MIT professor and her daughter, our conversation turned to the rising play of ethics in technology. The contention was that soon every business will have a Chief Ethics Officer, much like a CIO, a CDO or a CMO. Technology is rapidly infringing upon, or should I say ruthlessly trampling […]
Anti-Money Laundering (AML) Automation Opportunities
The AML transaction monitoring is based, among other criteria, on customer segments. These are derived from a wide range of information, including the customer demographics, transactional behavior, historical AML investigation outcomes, past law enforcement actions, negative news, etc. Customer Segmentation Traditional AML Compliance programs rely on time-consuming and manual processes to keep the customer segments […]
Using Machine Learning to reduce False Positive in Anti-Money Laundering (AML)
This article provides some thoughts on how machine learning can help in reducing the false positive alerts thereby helping FIs improve their operational efficiencies. To identify, prevent and report any suspicious activity, Financial Institutions (FIs) spend tremendous amount of time and resources to review the alerts generated by the Transaction Monitoring (TM) software. Monitoring and […]
