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• How to ride through the holiday season without too many obstacles

  Black Friday, Cyber Monday, Cyber Week, Black November, Christmas and New Year’s vacations, aka the commercial part of the “Holiday Season.” For shoppers, retailers, and holidaymakers, it’s one of the…

• Reaping the benefits of lowering money-transfer fees

  Competition is heating up in the low-cost international money transfer business, with new fintechs putting pressure on the traditional MTOs and incumbent banks. It’s the 31st of the month. A…

• The Dark Art of Money Laundering

  Art is an increasingly attractive avenue for money launderers, and legislators have taken notice Deep in the night at a major European port, a high-end security company guard is on…

• Money Laundering Through Mobile Apps

  The first money laundering activities to run through mobile apps took place over ten years ago when 20 of the top 25 downloaded applications in the Danish Apple App Store…

• Banks Are Forfeiting Revenue By Eschewing Correspondent Banking

  Correspondent banking is a vital system that helps to connect smaller and underdeveloped communities to the world’s financial ecosystem. In the last decade or so, the need for correspondent banking…

• Reopening Revenue Streams

  On its surface, de-risking banking activities is a justifiable move. Rather than attempt to manage the risk, banks choose instead to avoid risk. With that move, they sidestep past onerous…

• Finding the Unknown Unknown

  There is a great romanticism about the unknown unknown. It sits there on the edge just beyond our knowledge and understanding. North America, before Columbus sailed there in 1492, was…

• Overcoming Limitations in Transaction Monitoring

  When I began my career, back in the late 90s, I was hyper-focused on rule-based technology and methodology. Rules represented our best chance at using automation to monitor transactions and…

• The Unbearable Ease of Laundering Money

  With over 4000 leaked SARS that were involved with 2000 banks, turns out most of the SARs were related to cross border activity, a well-known “blind spot” in the banking…

• The Bad Actors are Taking the Correspondent Banking Route

  Global economy is facing real challenges with cross border payments, Financial Institutions lost trust in their counter-parties and their AML controls, De-risking and slow business are no longer needed-with ThetaRay…

• What’s Worse Than the Unknown? The Unknown Unknown

  Across the globe, the C-suite of financial institution fear the unknown. In fact, most of us fear the unknown but FI executives can get into serious regulatory, legal, financial and…

• Using Practical Data Science to Solve Real-World Correspondent Banking Challenges

  I think you all know that correspondent banks are required to meet specific regulatory obligations while maintaining their correspondent relationships, as well as meet general compliance obligations to report suspicious…