Fragmented AML systems and platforms make it hard for banking institutions to keep financial crime at bay. Financial institutions continue to spend heavily on AML compliance to deal with the curse of dirty money but advancements in payment processing technology, increased level of organized crime, and expansion of economic sanctions have continued to erode the effectiveness and efficiency of AML programs. Can technology beat financial crime? Machine learning, real-time data-aggregation, artificial intelligence, and speech/text recognition analytics can approach compliance in a fundamentally new way, but also regulatory action is instrumental.
In this first BANKING ESSENTIALS webinar, produced jointly by S&P Global Market Intelligence and the European Banking Federation, two industry experts shared their thoughts on the challenges and opportunities within the AML compliance space.
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Head of Commercial Bank Product, EMEA, S&P Global Market Intelligence
Salman Khan heads the Commercial Banking Product Segment for EMEA. Salman focuses on uncovering new trends in the banking sector and their potential impact on the business with the goal of developing products that help banks solve critical business challenges across various operating segments including commercial lending, risk management and corporate strategy.
Previously, Salman was working as a Banks Equity Strategist at HSBC covering global investment and wholesale banks, where he analysed banking sector trends across developed and emerging markets and proposed investment strategies to fund and portfolio managers. Salman has over 9 years of experience working within the financial institutions sector in various product, research and commercial roles.
Senior Policy Adviser – Fiscal & Anti-Money Laundering
Roger Kaiser has 25 years of experience in taxation and financial reporting and a robust expertise in international public affairs. He is a member of the Belgian Institute of Chartered Accountants and Tax Advisers and has served the Belgian Internal Revenue Service for 7 years, notably as Head of the Taxation Unit for Brussels’ financial intermediaries and as Head Inspector at the Ruling Commission and the Directorate General for Corporate Income Tax & Withholding Tax. In 1999, he joined the European Banking Federation, the representative body of Europe’s banks. In his capacity as Senior Policy Adviser for taxation and financial crime, he represents European banks in a number of international expert groups run under the aegis of the OECD, EU Institutions and industry representation bodies. He is also Lecturer in the Master of Advanced Studies in International Taxation at the University of Lausanne.
Steve Matthewson, Senior News Desk Manager, S&P Global Market Intelligence
Raymond Frenken, Director of Communications, European Banking Federation
ABOUT S&P Global Market Intelligence
S&P Global Market Intelligence integrates financial and industry data, research and news into tools that help track performance, assess credit risk, understand competitive and industry dynamics, generate alpha, identify investment ideas, and perform valuation. S&P Global Market Intelligence is a division of S&P Global (NYSE: SPGI). For more information, visit www.spglobal.com/marketintelligence. Twitter handle: @SPGMarketIntel
ABOUT the European Banking Federation
The European Banking Federation is the voice of the European banking sector, bringing together national banking associations from 45 countries. The EBF is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere.