IIF Authors

Status: Will be live at 03/27/2017 00:00

Deploying Regtech Against Financial Crime

Monday, March 27, 2017

This report, written in cooperation with the IIF Regtech Working Group, looks at the potential of new technologies to improve anti-money laundering and anti-fraud capabilities at financial institutions (FIs). Examples include the use of machine learning to improve detection of suspicious activity, robotics to automate analysis, biometrics, and distributed ledger to improve data sharing through shared utilities. It concludes with a set of regulatory recommendations to facilitate tech adoption at FIs and upgrade the international AML/CFT framework.