IBM RegTech Innovations

RegTalk Podcast Episode 1: Accelerating innovation for AML compliance

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With five U.S. regulatory agencies announcing their support and latitude on experimentation in the field of AML innovation, financial institutions are changing their mindset from one of “adequate compliance” to “compliance innovation.”

But understanding where to begin this journey, using technologies like artificial intelligence, machine learning, process automation and natural language processing, as well as how to apply these capabilities without disrupting current AML workflows is no easy task. Luckily, a group of experts from Promontory Financial Group and IBM Watson Financial Services held a discussion on this very topic (register here for the replay if you missed it).

Among the main takeaways were:

  • Current challenges facing financial institutions and how firms address them today
  • The impact of the Dec 3rd regulatory statement as well as the implications (and expectations) for financial institutions
  • How a unique approach using multiple techniques can resolve traditional issues like high false positives and lengthy reviews

The speakers also recorded a shorter podcast on some of the topics discussed.

For more information about the IBM RegTalk Webinar series, please visit:

Content Director, WFS Financial Crimes & Conduct Risk

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