When Tommy Nicholas (CEO of Alloy) wrote a blog titled, Your Fraud Model Is Broken, you had to know he and Ian Andrews (CMO, Chainalysis) were going to have a fun and insightful conversation.
In this episode, Tommy discusses how early NFTs and Bitcoin transaction speed got him interested in the space and years later his company Alloy is now servicing Fintechs, Crypto and TradFi companies managing their compliance, AML, credit, and fraud risk.
He explains the broken fraud model and the need for a shift in approach to focus on the person rather than just the transaction. He emphasizes the importance of transparency and accountability by regulators in the industry and the burdensome requirements placed on the private sector.
Tommy also breaks down Alloy's Annual State of Compliance Benchmark Report 2023 and how automation and even AI can support compliance teams in any industry.
Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key.
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