Blog
Federated Machine Learning: The Future of Financial Crime Prevention
Introduction Money laundering underpins and enables most forms of organized crime, allowing criminal groups to further their operations and conceal illicit capital. Technology adoption and the subsequent integration of financial markets has increased the accessibility...
Why Hasn’t The Innovation Train Arrived to Fincrime Compliance?
By Laurence Hamilton, Chief Commercial Officer, Consilient Challenger banks are using innovative technology to change the game with customers. From the use of open banking, which is dramatically improving customer engagement and creating frictionless onboarding, to...
ABA Bank Compliance Magazine – Beyond the Bounds: What Compliance Should Know About Cybersecurity
This article by Gary M. Shiffman appeared in the November/December 2021 issue of the American Bankers Association’s Bank Compliance Magazine, which can be accessed here. For almost a decade, Instagram influencer Ramon “Hushpuppi” Abbas was best known for his lavish...
Taylor & Francis – The (Non) Deus-Ex Machina: A Realistic Assessment of Machine Learning for Countering Domestic Terrorism
This is an Accepted Manuscript of an article published by Taylor & Francis in Studies in Conflict & Terrorism on October 7, 2021, available online: https://www.tandfonline.com/doi/abs/10.1080/1057610X.2021.1987656?journalCode=uter20 In light of the...
TechCrunch – Ransomware: A market problem deserves a market solution
This article by Gary M. Shiffman originally appeared in TechCrunch on September 16, 2021. REvil is a solid choice for a villain’s name: R Evil. Revil. Evil and yet fun. I could imagine Black Widow, Hulk and Spider-Man teaming up to topple the leadership of REvil...
Forbes: Data’s Double Edges: How To Use Machine Learning To Solve The Problem Of Unused Data In Risk Management
This article by Gary M. Shiffman originally appeared in Forbes on June 16, 2021. View the full article here. According to my company's research, a full 25% of PPP fraud cases brought by the Department of Justice could have been easily prevented. The fraud is so...