Sam Kalyanam

Address financial crime and high costs with IBM Cloud Private

In the beginning of the cloud computing era, “private clouds” promised the scalability, flexibility and manageability of public clouds, combined with the security and control of on-premises data center environments. But some early private clouds, in fact, were neither private nor clouds. Over time, however, such offerings matured and firms like IBM have led the […]

Continue reading

2019: An artificial intelligence-enhanced AML odyssey

Welcome to the brave new world of regulatory technology. On December 3, 2018, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Financial Crimes Enforcement Network (FinCEN), the National Credit Union Administration, and the Office of the Comptroller of the Currency issued a joint statement encouraging the use of […]

Continue reading

Three fundamental shifts in financial crime investigations

Financial institutions globally are awakening to the fact that regulatory technology will drive the next wave of innovation in their approaches to understanding and stopping financial crimes. From attempted money laundering, to account takeover, to insider trading, institutions are paying attention. But for some in the financial industry, the idea that these technologies can solve […]

Continue reading

Ending vicious AML cycles: Why repeating the same approach is no longer sustainable

In 2010, I was traveling with my son, when his name was flagged for a partial match to a suspicious person by the US Transportation Security Administration (TSA). The TSA agent, dutifully asked if he could have a word with my son to sort out this issue, to which I replied, “Be my guest.” My […]

Continue reading

Have banks reached an AML compliance inflection point?

Nearly two years ago Lloyd Blankfein, CEO of Goldman Sachs, predicted that the demand for compliance analysts to meet the institution’s regulatory obligations would soon be leveling off: This has a Y2K feel about it – that is, we have to hire additional people because we have to get ourselves up to speed. I think […]

Continue reading