The RegTech Association: RegTech Showcase

 

 

This session featured 7 innovative organizations presenting solutions across various aspects of financial crime prevention, regulatory compliance, and risk management. From AI-driven fraud detection to simplified regulatory reporting, these companies are tackling the evolving challenges faced by financial institutions globally.

 

1. Dr. Hamish Macalister, Transparently Pte Ltd

  • AI-powered early fraud detection: Transparently uses AI to detect accounting manipulation and fraud in companies, identifying risks 2-3 years before the market notices.
  • High impact: 40% of companies manipulate their accounts annually, with 10% committing securities fraud, a $4.5 trillion problem annually.
  • Client base: Major asset managers, auditors, banks, regulators, and exchanges already use Transparently’s system for actionable insights and forensic reports.

2. Jacqueline Pang, Artius Global

  • Shareholding disclosure solution: Artius Global simplifies the mandatory disclosure of shareholdings across 100+ markets, automating the process end-to-end.
  • Compliance risk mitigation: The solution helps financial institutions avoid hefty fines and reputational risks associated with late or inaccurate reporting.
  • Ease of use: Artius Global’s system is plug-and-play, available as both on-premise and SaaS, offering timely, accurate compliance reporting.

3. Clint Mills, Ingenuous

  • Intuition platform: Ingenuous developed Intuition, a real-time platform that integrates data from multiple sources to provide a comprehensive customer view for monitoring fraud and AML.
  • Efficiency and cost reduction: By consolidating fraud and AML functions into a single solution, Intuition reduces data duplication, lowers costs, and future-proofs organizations against emerging financial crimes.
  • End-to-end prevention: Ingenuous offers financial crime prevention through a single platform, available both on-premise and as SaaS, with global industry applications.

4. Vanessa Yeoh, Feature Space

  • Adaptive behavior analytics: Feature Space uses adaptive behaviour analytics to detect fraudulent activity by understanding normal behaviors, allowing the system to flag suspicious transactions in real-time.
  • Real-time fraud detection: Their technology processes billions of transactions per year, blocking and rejecting fraud attempts within milliseconds using machine learning models that retrain automatically.
  • Wide fraud detection coverage: Feature Space combats a variety of fraud types, including card fraud, payment fraud, and scams, with scalable, real-time solutions across multiple financial institutions.

5. Charles Pittar, Castlepoint Systems

  • Managing information risk: Castlepoint helps businesses identify, classify, and manage valuable and risky information, ensuring that unneeded data is disposed of proactively to minimise risk.
  • AI-powered data discovery: Using AI, Castlepoint reads and analyses all data across various systems, capturing metadata to provide insights into the location, value, and risks associated with that data.
  • Compliance-driven automation: The platform automates data retention and disposal in line with regulatory requirements, helping organisations comply with data management standards and destroy unnecessary sensitive information.

6. Wy-Lin Tan, Feedzai

  • Scam prevention at scale: FeedZai works with global financial institutions to protect customers from financial crimes, including scams, processing over $6 trillion in payments annually.
  • Real-time data processing: The platform integrates and analyses all available internal and external data in real time, providing comprehensive fraud protection across multiple categories.
  • Advanced fraud prevention technology: FeedZai’s innovative use of behavioural biometrics, anti-money laundering, and transaction fraud monitoring helps safeguard customers from increasingly sophisticated scams.

7. Kai Thim Ng, InsiteMY Innovations

  • Simplifying regulatory reporting: No-code platform designed to reduce the complexity and risks of regulatory compliance reporting for banks.
  • Data integration and quality: It handles multiple data sources, ensuring consistency and quality through an embedded AI engine before submission to regulators.
  • Efficient and timely compliance: The platform allows user teams to configure rules without IT involvement, speeding up project implementation, as demonstrated in a successful e-invoicing initiative in Malaysia.

 

As financial crime and regulatory compliance continue to present complex challenges, the solutions showcased today provide valuable tools for improving efficiency, reducing risks, and ensuring compliance. By leveraging cutting-edge technologies such as AI and machine learning, these organisations are not only addressing existing problems but also future-proofing businesses against emerging threats in the financial landscape.

 

Watch Full Session

 

 

Speakers:

  • Charles Pittar, General Manager of Growth & Customer Success, Castlepoint Systems
  • Clint Mills, Managing Director, Ingenuous
  • Dr. Hamish Macalister, Founder & Chief Executive Officer, Transparently Pte Ltd
  • Jacqueline Pang, Co-founder & Chief Executive Officer, Artius Global
  • Kai Thim Ng, Chief Executive Officer, InsiteMY Innovations
  • Vanessa Yeoh, Senior Solutions Consultant, Feature Space
  • Wy-Lin Tan, Fraud & Financial Crime Prevention, Feedzai

Moderator:

  • Peter Deans, Board Member, The RegTech Association
 
 

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