Actimize has expanded its IBM partnership, embedding IBM technology in its risk management platform to further help financial institutions monitor and investigate financial crimes. The company has implemented and embedded IBM’s InfoSphere Global Name Recognition (GNR) technology within its enterprise risk management platform in an effort to enhance its analytical capabilities.
The IBM technology is designed to help Actimize’s sophisticated analytical models focus more closely on the names of different customers, citizens, criminals and other individuals by examining and comparing them to different known names of good and bad entities. It works by analysing name order, multiple titles or prefixes, cultural spelling variations, possible transposition errors and nicknames. Once the solution identifies a match, the transaction is either routed as approved or blocked, with an alert forwarded to the most relevant investigator for further action.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more