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…
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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…
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Everyday one hears more about how Big Data ecosystem technologies are helping create incremental innovation & disruption in any given industry vertical – be it in exciting new cross industry areas like Internet…
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AML
How a Pioneering Bank leverages Hadoop for Enterprise Risk Data Aggregation & Reporting..
by vamsi_cz5cgoby vamsi_cz5cgo“We honestly believe technology is going to define banking for the next five years, so it’s incredibly and strategically important that putting two individuals in charge now allows us to…
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(Image Courtesy – www.theastuteadvisor.com) “Perhaps more than anything else, failure to recognize the precariousness and fickleness of confidence-especially in cases in which large short-term debts need to be rolled over continuously-is the key…
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This article is the first installment in a four part series that talks about the ongoing digital disruption across financial services. This first post sets the stage for the entire market. Subsequent posts…
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(Image Credit – rappler.com) The first in this two post series examines Facebook’s corporate philosophy in architecting systems for web scale. Part two will look at their technology stack in more depth. Last…