This article is the second installment in a three part series that covers one of the most critical issues facing the financial industry – Payment Card Fraud. While the first (and previous) post discussed…
October 2015
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This article is the first installment in a three part series that covers one of the most critical issues facing the financial industry – Payment Card Fraud. Payment Cards include Credit, ATM & Debit…
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AMLBig Data
Big Data – Banking’s New Weapon In War Against Financial Crime..(2/2)
by vamsi_cz5cgoby vamsi_cz5cgoAccording to the US treasury – “Money laundering is the process of making illegally-gained proceeds (i.e. “dirty money”) appear legal (i.e. “clean”). Typically, it involves three steps: placement, layering and…
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AMLBig Data
Big Data – Banking’s New Weapon In War Against Financial Crime..(1/2)
by vamsi_cz5cgoby vamsi_cz5cgoBig data technologies led by Apache Hadoop can help financial services firms comply with a myriad of regulations, including US Anti-Money Laundering (AML) laws and requirements. In 2015, it goes…
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(Image Credit – Larry Putterman) “What Mark Zuckerberg (Facebook’s CEO) worries about the most is the lack of change, the lack of innovation, becoming the innovator’s dilemma company that gets…