The 29th Annual Egmont Group Plenary was recently held in Abu Dhabi. Hosted by the United Arab Emirates’ Financial Investigation Unit (FIU), the plenary is… Read More »Consilient Featured at the Egmont Plenary
Background: Expanding the Conversation Around Risk In the first part of our exploration into the impact of Federated Machine Learning (FML) on financial risk management,… Read More »Managing Risk: The Power of Federated Learning
Background: De-Risking The task of financial crime compliance has become an increasingly complex endeavour for major financial institutions worldwide. As the magnitude and repercussions of… Read More »Reimagining De-Risking: The Power of Federated Learning
Consilient recently published a report based on a survey of U.S. consumers: Money Laundering: A Misunderstood And Underestimated Problem. The report found that consumers really don’t… Read More »The Survey Says It All – Consumers Underestimate Money Laundering
What are the impediments and challenges for FIs in making revolutionary changes in a highly regulated environment? Technology can significantly enhance firms’ ability to identify… Read More »The difficulty of implementing revolutionary changes
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… Read More »Federated Machine Learning: The Future of Financial Crime Prevention
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… Read More »Why Hasn’t The Innovation Train Arrived to Fincrime Compliance?
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.… Read More »ABA Bank Compliance Magazine – Beyond the Bounds: What Compliance Should Know About Cybersecurity
This is an Accepted Manuscript of an article published by Taylor & Francis in Studies in Conflict & Terrorism on October 7, 2021, available online:… Read More »Taylor & Francis – The (Non) Deus-Ex Machina: A Realistic Assessment of Machine Learning for Countering Domestic Terrorism
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.… Read More »TechCrunch – Ransomware: A market problem deserves a market solution
