U.S. Financial Sector Innovation Policy Roundtable
Jo Ann moderated a session that explored the use of innovative technologies to overcome silos and analyze data across distinct risk-related activities and enterprise departments (e.g., customer identification, ongoing customer due diligence, AML transaction monitoring and suspicious transaction reporting, and anti-fraud) in order to strengthen all of an entity’s risk management activities. The session also examined numerous potential barriers to data and risk analytics sharing, including data privacy and data localization requirements; bank secrecy regulations; tipping off provisions; and other legal protections.