How Can We Realise The Anti-Financial Crime Potential of Technology?

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This session provides a high-level overview of using technology for tackling financial crime in a smart way.

This is the first one in a series of three webinars convened based on Financial Crime 2.0, a two-year programme on financial crime and new technology funded by EY, Refinitiv and (during its first year) Lloyds Banking Group. The following webinars in the series are ‘Data Analytics: A Step-Change in the Fight Against Financial Crime?’ on 25 January 2021 and ‘Can We Stem the Tide of Financial Crime Online?’ on 1 March 2021.

One of the key means of improving the detection and prevention of financial crime is the application of new technology. Areas of particular promise for the private sector include but are not limited to natural language processing, entity resolution and machine learning. Government agencies are likewise experimenting with technology for various purposes, including due diligence on its counterparties.

Better technology can help perform tasks more effectively, but without clarity on the objectives an organisation is aiming to achieve, this raises the risk of increasing effectiveness without regard to the ultimate goal. This session will provide a high-level overview of using technology for tackling financial crime in a smart way.

Topics for discussion include:

  • An overview of how advanced technology has been used to tackle financial crime;
  • Key barriers for the adoption of emerging technologies such as machine learning, entity resolution and natural language processing; and
  • The most promising and realistic avenues of positive change in the near future.

The discussion will be chaired by Patrick Craig, EMEIA Financial Crime Technology Lead, EY.

Speakers include:

  • Ivana Gordon, Head of Government Grants Management Function Covid-19 Response, Cabinet Office;
  • Matthew Redhead, Associate Fellow, RUSI;
  • Tom Salmond, Associate Partner, Financial Crime and Forensics, EY.

Event co-organiser

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