Industry Perspectives on Best Practices - Leveraging on DA and ML Methods for AMLCFT
This is a follow-up to the 2018 Data Analytics Industry Perspectives Paper, which provided an industry overview of the data analytics solutions adopted by FIs. Since then, the space has matured significantly, with successful implementations across various risk areas. This new paper updates the industry on the successful implementations data analytics solutions and aims to inspire FIs into expanding their usage of the same.
Applies to:
Credit/Charge Card Issuer
,
Finance Company
,
Full Bank (Branch)
,
Full Bank (Locally Incorporated)
,
Merchant Bank (Branch)
,
Merchant Bank (Locally Incorporated)
,
Wholesale Bank (Branch)
,
Wholesale Bank (Locally Incorporated)
,
Financial Holding Company (Banking)
,
Direct Insurer (Life)
,
Direct Insurer (General)
,
Direct Insurer (Composite)
,
Reinsurer (Life)
,
Reinsurer (General)
,
Reinsurer (Composite)
,
Captive Insurer
,
Lloyd's Asia Scheme
,
Authorised Reinsurer
,
Representative Office (Insurance)
,
Approved MAT Insurer
,
Financial Holding Company (Insurance)
,
Credit and Charge Card Licensee
,
Designated Payment System Operator
,
Designated Payment System Settlement Institution
,
Standard Payment Institution
,
Major Payment Institution
,
Money-changing Licensee