Overview

Presenting:

Jane Cummins
Head of Strategy & Change, Direct Service, AIB

Presenting:

Jane Cummins
Head of Strategy & Change, Direct Service, AIB

Presenting:

Jane Cummins
Head of Strategy & Change, Direct Service, AIB

For the third year, NICE Actimize and Regulation Asia have combined their expertise to provide the annual “AML Tech Barometer” report, exploring the financial crime risk management capabilities at Asia Pacific financial institutions (FIs) and their use of technology to gain efficiencies.

The research finds that FIs are increasingly willing leverage advanced technologies to enhance certain financial crime risk management functions, albeit cautiously, but that there may be a trade-off between efficiency and effectiveness when technology is deployed to boost automation. 

This report is based on survey and interview data collected from 144 financial crime and fraud professionals across Asia Pacific, covering banks, wealth managers, securities brokers, fintech firms, and other nonbank FIs.

In this report, we explore:

  • The state of technology adoption for AML at Asia Pacific FIs
  • The use of artificial intelligence and machine learning (AI/ML) in AML functions
  • Financial crime and technology priorities for the year ahead
  • Industry progress to address high false positives in monitoring and screening
  • Observed trends in suspicious activity reporting
This report also features interviews with Carmen Chu, Executive Director, Hong Kong Monetary Authority (HKMA), and Hiroshi Ozaki, a former official for the Japan Financial Services Agency (FSA).



Get the Report

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