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Tech Talks: A Modern Approach to Fighting Fin Crimes: Fraud, KYC, & AML

Presented by

Derek Wood, Brynn Layton

About this talk

Learn how Mastercard has taken the lead in effective anti Fraud, KYC, and AML efforts with a privacy protected workflow via Duality (as published by the IMDA). Fighting financial crimes is a data game. Crime fighters need answers quickly and must ensure their investigations remain confidential, as not to leak their progress to suspected organizations or individuals. However, criminals continue to evade authorities and slip through the cracks despite efforts around KYC and AML. Why? Because data protection requirements slow and limit what data can be shared, and with whom. The criminals know this and hide behind our own processes, and they're winning. However, those hindrances are eliminated when advanced encryption for data in-use is operationalized into these processes. The result is a near-instant, self-service means of gathering and using information instead of waiting for weeks or months for an answer about a transaction, identity, or other. See how Mastercard and other financial institutions have upleveled their internal KYC and AML efforts while also improving their response time when collaborating on government investigations. Workloads shown: secure query (all data types) Workloads discussed: query, analytics, machine learning Technologies used: fully homomorphic encryption (FHE), confidential computing, federated learning Solution shown: Zero Footprint Investigations Solutions discussed: Confidential AI & Zero Footprint Investigations
Duality Technologies

Duality Technologies

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Your source for info about Privacy Enhancing Technologies
Duality is the leader in privacy enhanced secure data collaboration, empowering organizations worldwide to maximize the value of their data without compromising on privacy or regulatory compliance. Founded and led by world-renowned cryptographers and data scientists, Duality operationalizes privacy enhancing technologies (PETs) to accelerate data insights by enabling analysis and AI on encrypted data, while preserving data privacy, compliance and protecting valuable IP. On our channel, we'll be featuring our team of world-renowned cryptographers and data scientists and exploring 3 key areas relating to PETs: the vision (how data is changing as a concept), the business side (practical applications), and technical walkthroughs. Enjoy!
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