Anti-Money-Laundering for the Modern Age: SaaS and Respecting Data Privacy

Presented by

Christian Herzog, Privacy Engineer, Privitar & Wolfgang Berner, CTO, HAWK:AI

About this talk

Financial Institutions all over the world put a lot of time and effort into Anti Money Laundering (AML) and Counter-Terrorism Financing (CTF) - a necessity to comply with regulation and reduce non-financial risk. The challenges are serious, and have been for decades: - Outdated, un-integrated systems are unable to adjust quickly to new requirements (own, or regulation-driven) - Uncertainty and limited knowledge to accept the paradigm shift, and employ data-centric, modern solutions - which are the only way to change for the better - Real and perceived hurdles with data privacy or residency, when considering cloud-based solutions or SaaS providers In this webinar you will learn how the integrated solutions of Privitar & HAWK:AI can be used to eliminate hurdles in moving AML/CFT transaction monitoring processes “into the cloud” or consume them as Software-as-a-Service. You will see that this is possible, while satisfying even the strictest of data privacy rules any Financial Institution might have to adhere to (or want to). You will understand: - Why using SaaS AML/CFT approaches are superior to applying on-premise solutions - How it is possible to use these cloud services without exposing customer/transaction data in the clear to the technology provider (e.g. in the sense of European GDPR personal identifiable data) - Who can help you to take your AML/CFT and Data Privacy efforts to the next level This webinar is jointly hosted by HAWK:AI and Privitar. Join this interactive session and understand how to unlock your AML/CFT potential without neglecting Data Privacy!
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The world is waking up to privacy risk and privacy harms. There is a clear realisation that unless we incorporate privacy into every aspect of the data supply chain we run the risk of impeding innovation and exposing customers to harm. Privitar’s mission is to promote and facilitate the ethical and safe use of valuable data assets. Using leading privacy engineering techniques, we help companies get maximum value from data while preserving customer’s privacy.