E33: What is the next frontier in AML?

Banks and financial institutions at the forefront are moving into the next frontier of AML. They focus on four primary areas, which we look more closely at in this week's episode.

What are those four areas?

1: Synergies with other risk types.

How Fraud, AML, and Cyber can benefit from each other and leverage the fact that these divisions utilize the same data and can feed each other with information.

2: Operational excellence

How banks can capture "gold-standard KYC" in the frontline to deliver better customer journeys, more precise services, and a better banking experience.

3: Collaboration across the industry

Industry players want to collaborate, understand, learn, and jointly develop new ways to combat risk through data sharing.

4: Higher efficiency

False positives cause tremendous requirements in terms of people and time spent on investigation. So how can banks ensure that their teams spend time where it matters? Catching the big fish?

Tune in to this week's episode, where we also have AML-expert Magnus Johannesen back in the studio!

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