future of payments screening : need for speed...jai basanti name: amitabh harivansh rai bachchan...
TRANSCRIPT
accuitycom
Future of Payments Screening Need for Speed
Suresh VytlaCountry Manager IndiaAccuity
Nov 2019
Key take away of this session
bull How different is payment screening
bull Key trends
For Now
Jai
Basanti
Name Amitabh Harivansh Rai Bachchan
Date of Birth 11th Oct 1942
Place of Birth Allahabad Uttar Pradesh India
Country India
Name Hema Malini Dharmendra Deol
Date of Birth 16th Oct 1948
Place of Birth Trichy Tamil Nadu India
Country India
Financial Institutions are concerned about risks associated
CustomersTrade
Payments bull Nature of informationbull Time to process
Jai
Name Amitabh Harivansh Rai Bachchan
Date of Birth 11th Oct 1942
Place of Birth Allahabad Uttar Pradesh India
Country India
How many of us are concerned about these
What are we hearing from multiple stakeholders relating to payments
Compliance Operations IT
Needs to prove control over
the application of compliance
policy and procedures
Needs to explain why a
message has been released
when a hit was expected
Maintain increase speed of
system despite surging volumes
to be screened
Needs to save time on alert
review
bull Looking for information
to make decisions
accordingly
bull Identify quickly hits that
need investigation
bull Qualify decisions
Banks
Regulator
Are the policy amp process
relating to AML in place
Have they been implemented
amp automated
Can this be proven with sample
scenarios or transactions
Regulators
You would want to strike that balance
Being regulator compliant Manage Compliance Costs
Compliance Is Expensive but Noncompliance Can Cost Even More
Banks not only paid out $ 210bn over six years along with indictments and imprisonment but also faced reputational damages
From the 3 processes that we have identified
(customers payments trade) where
do you think highest fines occurred
Major Sanctions Violation cases are related to
$ 536M
Credit Suisse
$ 500M
RBS (ABN Amro)
$ 88M
JP Morgan
$ 667M
Standard Chartered
$ 619M
ING
HSBC
$ 19B
$ 89BBNP Paribas
$ 145B
Commerzbank
2009 20102011
2012 2012
2012
2014
2015
Payments
Trends that we are seeing in payment screening
A Scenario
Bank Bank Bank
euro pound yen $
The bank in the UK has violated US sanction via Payment Stripping
Payment Stripping ldquoPayment (or Wire) Stripping is the deliberate act of changing or removing material information from payments or instructions making it difficult to identify payments or to connect them to sanctioned parties individuals or countriesrdquo
bull US Regulators
Require systems to be in place to detect ldquobypassingrdquo attemptsApplicable to all US entities and all operations going through US territory
bull Other RegulatorsNo specific guidelines
Will rather ask lsquowhat do you have in place to avoid strippingrsquo
bull Ultimately ndash Stripping Detection is mandatory
Traceability ndash From Black Box to Glass Box
Audit this message
bull What was the filter configurationbull What version of the watchlist
database was usedbull What business rules were applied
and whybull Who reviewed it and what
decisions did they make
KYF
Compliance Agility
Compliance Agility will be a central
point to control screening parameters
It should offer a layer of securely
changing or updating configurations
Additionally provide analytics to enable
you to demonstrate your screening
policyrsquos efficiency
Compliance officers will be assured and
confident that theyrsquore receiving the
right levels of control and visibility over
their screening operations to prove their
results to the regulator
Internal operational efficiency and real-
time speed will deliver complete end-
to-end visibility and security over their
screening processes
Explainable AI
Why is AI a Challenge for Screening Compliance today
Domestic Payment Screening
bull Adopted in some of the markets globally
bull From an Indian context some of the larger banks are in consideration for
adopting as a best practise
bull With surge in volumes are existing systems configurable amp scalable to handle
such loads without impacting customer experience
bull Cost of non compliance on payments is high
bull Increasing regulators are asking for ldquoexplainable technologyrdquo solution
bull With frequent regulatory updates Banks are increasingly adopting
configurable solutions that can offer complete visibility
bull Intelligent amp Scalable
Key Takeaways
20
Accuity becomes the official
registrar of ABA routing numbers
Bankers Almanac and the Wolfsberg Group
create a central repository for bank
due diligence information
Accuity acquired by CBNet
Accuityfounded
Bankers Almanac established
Accuity signs national contract with the
US Social Security Administration
marking the start of its PEC business
Accuity acquires NRS
Reed Elsevier (now RELX)
acquires Accuity integrating it with Bankers Almanac
Accuity acquires Fircosoft
Accuity launches first-to-market
trade compliance innovation
Accuity enables financial crime
screening on R3 Corda blockchain
platform
Accuity closes historic deal with
PayPal
Accuity launchsFirco Trade
Compliance Vessel Tracking
Accuity acquires Safe Banking Systems ( SBS)
to bring in AI Capabilities
1836 1845 1911 2004 2007 2010 2011 2013 2014 2017 2018
Our history
Thank you
sureshvytlaaccuitycom
Key take away of this session
bull How different is payment screening
bull Key trends
For Now
Jai
Basanti
Name Amitabh Harivansh Rai Bachchan
Date of Birth 11th Oct 1942
Place of Birth Allahabad Uttar Pradesh India
Country India
Name Hema Malini Dharmendra Deol
Date of Birth 16th Oct 1948
Place of Birth Trichy Tamil Nadu India
Country India
Financial Institutions are concerned about risks associated
CustomersTrade
Payments bull Nature of informationbull Time to process
Jai
Name Amitabh Harivansh Rai Bachchan
Date of Birth 11th Oct 1942
Place of Birth Allahabad Uttar Pradesh India
Country India
How many of us are concerned about these
What are we hearing from multiple stakeholders relating to payments
Compliance Operations IT
Needs to prove control over
the application of compliance
policy and procedures
Needs to explain why a
message has been released
when a hit was expected
Maintain increase speed of
system despite surging volumes
to be screened
Needs to save time on alert
review
bull Looking for information
to make decisions
accordingly
bull Identify quickly hits that
need investigation
bull Qualify decisions
Banks
Regulator
Are the policy amp process
relating to AML in place
Have they been implemented
amp automated
Can this be proven with sample
scenarios or transactions
Regulators
You would want to strike that balance
Being regulator compliant Manage Compliance Costs
Compliance Is Expensive but Noncompliance Can Cost Even More
Banks not only paid out $ 210bn over six years along with indictments and imprisonment but also faced reputational damages
From the 3 processes that we have identified
(customers payments trade) where
do you think highest fines occurred
Major Sanctions Violation cases are related to
$ 536M
Credit Suisse
$ 500M
RBS (ABN Amro)
$ 88M
JP Morgan
$ 667M
Standard Chartered
$ 619M
ING
HSBC
$ 19B
$ 89BBNP Paribas
$ 145B
Commerzbank
2009 20102011
2012 2012
2012
2014
2015
Payments
Trends that we are seeing in payment screening
A Scenario
Bank Bank Bank
euro pound yen $
The bank in the UK has violated US sanction via Payment Stripping
Payment Stripping ldquoPayment (or Wire) Stripping is the deliberate act of changing or removing material information from payments or instructions making it difficult to identify payments or to connect them to sanctioned parties individuals or countriesrdquo
bull US Regulators
Require systems to be in place to detect ldquobypassingrdquo attemptsApplicable to all US entities and all operations going through US territory
bull Other RegulatorsNo specific guidelines
Will rather ask lsquowhat do you have in place to avoid strippingrsquo
bull Ultimately ndash Stripping Detection is mandatory
Traceability ndash From Black Box to Glass Box
Audit this message
bull What was the filter configurationbull What version of the watchlist
database was usedbull What business rules were applied
and whybull Who reviewed it and what
decisions did they make
KYF
Compliance Agility
Compliance Agility will be a central
point to control screening parameters
It should offer a layer of securely
changing or updating configurations
Additionally provide analytics to enable
you to demonstrate your screening
policyrsquos efficiency
Compliance officers will be assured and
confident that theyrsquore receiving the
right levels of control and visibility over
their screening operations to prove their
results to the regulator
Internal operational efficiency and real-
time speed will deliver complete end-
to-end visibility and security over their
screening processes
Explainable AI
Why is AI a Challenge for Screening Compliance today
Domestic Payment Screening
bull Adopted in some of the markets globally
bull From an Indian context some of the larger banks are in consideration for
adopting as a best practise
bull With surge in volumes are existing systems configurable amp scalable to handle
such loads without impacting customer experience
bull Cost of non compliance on payments is high
bull Increasing regulators are asking for ldquoexplainable technologyrdquo solution
bull With frequent regulatory updates Banks are increasingly adopting
configurable solutions that can offer complete visibility
bull Intelligent amp Scalable
Key Takeaways
20
Accuity becomes the official
registrar of ABA routing numbers
Bankers Almanac and the Wolfsberg Group
create a central repository for bank
due diligence information
Accuity acquired by CBNet
Accuityfounded
Bankers Almanac established
Accuity signs national contract with the
US Social Security Administration
marking the start of its PEC business
Accuity acquires NRS
Reed Elsevier (now RELX)
acquires Accuity integrating it with Bankers Almanac
Accuity acquires Fircosoft
Accuity launches first-to-market
trade compliance innovation
Accuity enables financial crime
screening on R3 Corda blockchain
platform
Accuity closes historic deal with
PayPal
Accuity launchsFirco Trade
Compliance Vessel Tracking
Accuity acquires Safe Banking Systems ( SBS)
to bring in AI Capabilities
1836 1845 1911 2004 2007 2010 2011 2013 2014 2017 2018
Our history
Thank you
sureshvytlaaccuitycom
Jai
Basanti
Name Amitabh Harivansh Rai Bachchan
Date of Birth 11th Oct 1942
Place of Birth Allahabad Uttar Pradesh India
Country India
Name Hema Malini Dharmendra Deol
Date of Birth 16th Oct 1948
Place of Birth Trichy Tamil Nadu India
Country India
Financial Institutions are concerned about risks associated
CustomersTrade
Payments bull Nature of informationbull Time to process
Jai
Name Amitabh Harivansh Rai Bachchan
Date of Birth 11th Oct 1942
Place of Birth Allahabad Uttar Pradesh India
Country India
How many of us are concerned about these
What are we hearing from multiple stakeholders relating to payments
Compliance Operations IT
Needs to prove control over
the application of compliance
policy and procedures
Needs to explain why a
message has been released
when a hit was expected
Maintain increase speed of
system despite surging volumes
to be screened
Needs to save time on alert
review
bull Looking for information
to make decisions
accordingly
bull Identify quickly hits that
need investigation
bull Qualify decisions
Banks
Regulator
Are the policy amp process
relating to AML in place
Have they been implemented
amp automated
Can this be proven with sample
scenarios or transactions
Regulators
You would want to strike that balance
Being regulator compliant Manage Compliance Costs
Compliance Is Expensive but Noncompliance Can Cost Even More
Banks not only paid out $ 210bn over six years along with indictments and imprisonment but also faced reputational damages
From the 3 processes that we have identified
(customers payments trade) where
do you think highest fines occurred
Major Sanctions Violation cases are related to
$ 536M
Credit Suisse
$ 500M
RBS (ABN Amro)
$ 88M
JP Morgan
$ 667M
Standard Chartered
$ 619M
ING
HSBC
$ 19B
$ 89BBNP Paribas
$ 145B
Commerzbank
2009 20102011
2012 2012
2012
2014
2015
Payments
Trends that we are seeing in payment screening
A Scenario
Bank Bank Bank
euro pound yen $
The bank in the UK has violated US sanction via Payment Stripping
Payment Stripping ldquoPayment (or Wire) Stripping is the deliberate act of changing or removing material information from payments or instructions making it difficult to identify payments or to connect them to sanctioned parties individuals or countriesrdquo
bull US Regulators
Require systems to be in place to detect ldquobypassingrdquo attemptsApplicable to all US entities and all operations going through US territory
bull Other RegulatorsNo specific guidelines
Will rather ask lsquowhat do you have in place to avoid strippingrsquo
bull Ultimately ndash Stripping Detection is mandatory
Traceability ndash From Black Box to Glass Box
Audit this message
bull What was the filter configurationbull What version of the watchlist
database was usedbull What business rules were applied
and whybull Who reviewed it and what
decisions did they make
KYF
Compliance Agility
Compliance Agility will be a central
point to control screening parameters
It should offer a layer of securely
changing or updating configurations
Additionally provide analytics to enable
you to demonstrate your screening
policyrsquos efficiency
Compliance officers will be assured and
confident that theyrsquore receiving the
right levels of control and visibility over
their screening operations to prove their
results to the regulator
Internal operational efficiency and real-
time speed will deliver complete end-
to-end visibility and security over their
screening processes
Explainable AI
Why is AI a Challenge for Screening Compliance today
Domestic Payment Screening
bull Adopted in some of the markets globally
bull From an Indian context some of the larger banks are in consideration for
adopting as a best practise
bull With surge in volumes are existing systems configurable amp scalable to handle
such loads without impacting customer experience
bull Cost of non compliance on payments is high
bull Increasing regulators are asking for ldquoexplainable technologyrdquo solution
bull With frequent regulatory updates Banks are increasingly adopting
configurable solutions that can offer complete visibility
bull Intelligent amp Scalable
Key Takeaways
20
Accuity becomes the official
registrar of ABA routing numbers
Bankers Almanac and the Wolfsberg Group
create a central repository for bank
due diligence information
Accuity acquired by CBNet
Accuityfounded
Bankers Almanac established
Accuity signs national contract with the
US Social Security Administration
marking the start of its PEC business
Accuity acquires NRS
Reed Elsevier (now RELX)
acquires Accuity integrating it with Bankers Almanac
Accuity acquires Fircosoft
Accuity launches first-to-market
trade compliance innovation
Accuity enables financial crime
screening on R3 Corda blockchain
platform
Accuity closes historic deal with
PayPal
Accuity launchsFirco Trade
Compliance Vessel Tracking
Accuity acquires Safe Banking Systems ( SBS)
to bring in AI Capabilities
1836 1845 1911 2004 2007 2010 2011 2013 2014 2017 2018
Our history
Thank you
sureshvytlaaccuitycom
Financial Institutions are concerned about risks associated
CustomersTrade
Payments bull Nature of informationbull Time to process
Jai
Name Amitabh Harivansh Rai Bachchan
Date of Birth 11th Oct 1942
Place of Birth Allahabad Uttar Pradesh India
Country India
How many of us are concerned about these
What are we hearing from multiple stakeholders relating to payments
Compliance Operations IT
Needs to prove control over
the application of compliance
policy and procedures
Needs to explain why a
message has been released
when a hit was expected
Maintain increase speed of
system despite surging volumes
to be screened
Needs to save time on alert
review
bull Looking for information
to make decisions
accordingly
bull Identify quickly hits that
need investigation
bull Qualify decisions
Banks
Regulator
Are the policy amp process
relating to AML in place
Have they been implemented
amp automated
Can this be proven with sample
scenarios or transactions
Regulators
You would want to strike that balance
Being regulator compliant Manage Compliance Costs
Compliance Is Expensive but Noncompliance Can Cost Even More
Banks not only paid out $ 210bn over six years along with indictments and imprisonment but also faced reputational damages
From the 3 processes that we have identified
(customers payments trade) where
do you think highest fines occurred
Major Sanctions Violation cases are related to
$ 536M
Credit Suisse
$ 500M
RBS (ABN Amro)
$ 88M
JP Morgan
$ 667M
Standard Chartered
$ 619M
ING
HSBC
$ 19B
$ 89BBNP Paribas
$ 145B
Commerzbank
2009 20102011
2012 2012
2012
2014
2015
Payments
Trends that we are seeing in payment screening
A Scenario
Bank Bank Bank
euro pound yen $
The bank in the UK has violated US sanction via Payment Stripping
Payment Stripping ldquoPayment (or Wire) Stripping is the deliberate act of changing or removing material information from payments or instructions making it difficult to identify payments or to connect them to sanctioned parties individuals or countriesrdquo
bull US Regulators
Require systems to be in place to detect ldquobypassingrdquo attemptsApplicable to all US entities and all operations going through US territory
bull Other RegulatorsNo specific guidelines
Will rather ask lsquowhat do you have in place to avoid strippingrsquo
bull Ultimately ndash Stripping Detection is mandatory
Traceability ndash From Black Box to Glass Box
Audit this message
bull What was the filter configurationbull What version of the watchlist
database was usedbull What business rules were applied
and whybull Who reviewed it and what
decisions did they make
KYF
Compliance Agility
Compliance Agility will be a central
point to control screening parameters
It should offer a layer of securely
changing or updating configurations
Additionally provide analytics to enable
you to demonstrate your screening
policyrsquos efficiency
Compliance officers will be assured and
confident that theyrsquore receiving the
right levels of control and visibility over
their screening operations to prove their
results to the regulator
Internal operational efficiency and real-
time speed will deliver complete end-
to-end visibility and security over their
screening processes
Explainable AI
Why is AI a Challenge for Screening Compliance today
Domestic Payment Screening
bull Adopted in some of the markets globally
bull From an Indian context some of the larger banks are in consideration for
adopting as a best practise
bull With surge in volumes are existing systems configurable amp scalable to handle
such loads without impacting customer experience
bull Cost of non compliance on payments is high
bull Increasing regulators are asking for ldquoexplainable technologyrdquo solution
bull With frequent regulatory updates Banks are increasingly adopting
configurable solutions that can offer complete visibility
bull Intelligent amp Scalable
Key Takeaways
20
Accuity becomes the official
registrar of ABA routing numbers
Bankers Almanac and the Wolfsberg Group
create a central repository for bank
due diligence information
Accuity acquired by CBNet
Accuityfounded
Bankers Almanac established
Accuity signs national contract with the
US Social Security Administration
marking the start of its PEC business
Accuity acquires NRS
Reed Elsevier (now RELX)
acquires Accuity integrating it with Bankers Almanac
Accuity acquires Fircosoft
Accuity launches first-to-market
trade compliance innovation
Accuity enables financial crime
screening on R3 Corda blockchain
platform
Accuity closes historic deal with
PayPal
Accuity launchsFirco Trade
Compliance Vessel Tracking
Accuity acquires Safe Banking Systems ( SBS)
to bring in AI Capabilities
1836 1845 1911 2004 2007 2010 2011 2013 2014 2017 2018
Our history
Thank you
sureshvytlaaccuitycom
Jai
Name Amitabh Harivansh Rai Bachchan
Date of Birth 11th Oct 1942
Place of Birth Allahabad Uttar Pradesh India
Country India
How many of us are concerned about these
What are we hearing from multiple stakeholders relating to payments
Compliance Operations IT
Needs to prove control over
the application of compliance
policy and procedures
Needs to explain why a
message has been released
when a hit was expected
Maintain increase speed of
system despite surging volumes
to be screened
Needs to save time on alert
review
bull Looking for information
to make decisions
accordingly
bull Identify quickly hits that
need investigation
bull Qualify decisions
Banks
Regulator
Are the policy amp process
relating to AML in place
Have they been implemented
amp automated
Can this be proven with sample
scenarios or transactions
Regulators
You would want to strike that balance
Being regulator compliant Manage Compliance Costs
Compliance Is Expensive but Noncompliance Can Cost Even More
Banks not only paid out $ 210bn over six years along with indictments and imprisonment but also faced reputational damages
From the 3 processes that we have identified
(customers payments trade) where
do you think highest fines occurred
Major Sanctions Violation cases are related to
$ 536M
Credit Suisse
$ 500M
RBS (ABN Amro)
$ 88M
JP Morgan
$ 667M
Standard Chartered
$ 619M
ING
HSBC
$ 19B
$ 89BBNP Paribas
$ 145B
Commerzbank
2009 20102011
2012 2012
2012
2014
2015
Payments
Trends that we are seeing in payment screening
A Scenario
Bank Bank Bank
euro pound yen $
The bank in the UK has violated US sanction via Payment Stripping
Payment Stripping ldquoPayment (or Wire) Stripping is the deliberate act of changing or removing material information from payments or instructions making it difficult to identify payments or to connect them to sanctioned parties individuals or countriesrdquo
bull US Regulators
Require systems to be in place to detect ldquobypassingrdquo attemptsApplicable to all US entities and all operations going through US territory
bull Other RegulatorsNo specific guidelines
Will rather ask lsquowhat do you have in place to avoid strippingrsquo
bull Ultimately ndash Stripping Detection is mandatory
Traceability ndash From Black Box to Glass Box
Audit this message
bull What was the filter configurationbull What version of the watchlist
database was usedbull What business rules were applied
and whybull Who reviewed it and what
decisions did they make
KYF
Compliance Agility
Compliance Agility will be a central
point to control screening parameters
It should offer a layer of securely
changing or updating configurations
Additionally provide analytics to enable
you to demonstrate your screening
policyrsquos efficiency
Compliance officers will be assured and
confident that theyrsquore receiving the
right levels of control and visibility over
their screening operations to prove their
results to the regulator
Internal operational efficiency and real-
time speed will deliver complete end-
to-end visibility and security over their
screening processes
Explainable AI
Why is AI a Challenge for Screening Compliance today
Domestic Payment Screening
bull Adopted in some of the markets globally
bull From an Indian context some of the larger banks are in consideration for
adopting as a best practise
bull With surge in volumes are existing systems configurable amp scalable to handle
such loads without impacting customer experience
bull Cost of non compliance on payments is high
bull Increasing regulators are asking for ldquoexplainable technologyrdquo solution
bull With frequent regulatory updates Banks are increasingly adopting
configurable solutions that can offer complete visibility
bull Intelligent amp Scalable
Key Takeaways
20
Accuity becomes the official
registrar of ABA routing numbers
Bankers Almanac and the Wolfsberg Group
create a central repository for bank
due diligence information
Accuity acquired by CBNet
Accuityfounded
Bankers Almanac established
Accuity signs national contract with the
US Social Security Administration
marking the start of its PEC business
Accuity acquires NRS
Reed Elsevier (now RELX)
acquires Accuity integrating it with Bankers Almanac
Accuity acquires Fircosoft
Accuity launches first-to-market
trade compliance innovation
Accuity enables financial crime
screening on R3 Corda blockchain
platform
Accuity closes historic deal with
PayPal
Accuity launchsFirco Trade
Compliance Vessel Tracking
Accuity acquires Safe Banking Systems ( SBS)
to bring in AI Capabilities
1836 1845 1911 2004 2007 2010 2011 2013 2014 2017 2018
Our history
Thank you
sureshvytlaaccuitycom
How many of us are concerned about these
What are we hearing from multiple stakeholders relating to payments
Compliance Operations IT
Needs to prove control over
the application of compliance
policy and procedures
Needs to explain why a
message has been released
when a hit was expected
Maintain increase speed of
system despite surging volumes
to be screened
Needs to save time on alert
review
bull Looking for information
to make decisions
accordingly
bull Identify quickly hits that
need investigation
bull Qualify decisions
Banks
Regulator
Are the policy amp process
relating to AML in place
Have they been implemented
amp automated
Can this be proven with sample
scenarios or transactions
Regulators
You would want to strike that balance
Being regulator compliant Manage Compliance Costs
Compliance Is Expensive but Noncompliance Can Cost Even More
Banks not only paid out $ 210bn over six years along with indictments and imprisonment but also faced reputational damages
From the 3 processes that we have identified
(customers payments trade) where
do you think highest fines occurred
Major Sanctions Violation cases are related to
$ 536M
Credit Suisse
$ 500M
RBS (ABN Amro)
$ 88M
JP Morgan
$ 667M
Standard Chartered
$ 619M
ING
HSBC
$ 19B
$ 89BBNP Paribas
$ 145B
Commerzbank
2009 20102011
2012 2012
2012
2014
2015
Payments
Trends that we are seeing in payment screening
A Scenario
Bank Bank Bank
euro pound yen $
The bank in the UK has violated US sanction via Payment Stripping
Payment Stripping ldquoPayment (or Wire) Stripping is the deliberate act of changing or removing material information from payments or instructions making it difficult to identify payments or to connect them to sanctioned parties individuals or countriesrdquo
bull US Regulators
Require systems to be in place to detect ldquobypassingrdquo attemptsApplicable to all US entities and all operations going through US territory
bull Other RegulatorsNo specific guidelines
Will rather ask lsquowhat do you have in place to avoid strippingrsquo
bull Ultimately ndash Stripping Detection is mandatory
Traceability ndash From Black Box to Glass Box
Audit this message
bull What was the filter configurationbull What version of the watchlist
database was usedbull What business rules were applied
and whybull Who reviewed it and what
decisions did they make
KYF
Compliance Agility
Compliance Agility will be a central
point to control screening parameters
It should offer a layer of securely
changing or updating configurations
Additionally provide analytics to enable
you to demonstrate your screening
policyrsquos efficiency
Compliance officers will be assured and
confident that theyrsquore receiving the
right levels of control and visibility over
their screening operations to prove their
results to the regulator
Internal operational efficiency and real-
time speed will deliver complete end-
to-end visibility and security over their
screening processes
Explainable AI
Why is AI a Challenge for Screening Compliance today
Domestic Payment Screening
bull Adopted in some of the markets globally
bull From an Indian context some of the larger banks are in consideration for
adopting as a best practise
bull With surge in volumes are existing systems configurable amp scalable to handle
such loads without impacting customer experience
bull Cost of non compliance on payments is high
bull Increasing regulators are asking for ldquoexplainable technologyrdquo solution
bull With frequent regulatory updates Banks are increasingly adopting
configurable solutions that can offer complete visibility
bull Intelligent amp Scalable
Key Takeaways
20
Accuity becomes the official
registrar of ABA routing numbers
Bankers Almanac and the Wolfsberg Group
create a central repository for bank
due diligence information
Accuity acquired by CBNet
Accuityfounded
Bankers Almanac established
Accuity signs national contract with the
US Social Security Administration
marking the start of its PEC business
Accuity acquires NRS
Reed Elsevier (now RELX)
acquires Accuity integrating it with Bankers Almanac
Accuity acquires Fircosoft
Accuity launches first-to-market
trade compliance innovation
Accuity enables financial crime
screening on R3 Corda blockchain
platform
Accuity closes historic deal with
PayPal
Accuity launchsFirco Trade
Compliance Vessel Tracking
Accuity acquires Safe Banking Systems ( SBS)
to bring in AI Capabilities
1836 1845 1911 2004 2007 2010 2011 2013 2014 2017 2018
Our history
Thank you
sureshvytlaaccuitycom
What are we hearing from multiple stakeholders relating to payments
Compliance Operations IT
Needs to prove control over
the application of compliance
policy and procedures
Needs to explain why a
message has been released
when a hit was expected
Maintain increase speed of
system despite surging volumes
to be screened
Needs to save time on alert
review
bull Looking for information
to make decisions
accordingly
bull Identify quickly hits that
need investigation
bull Qualify decisions
Banks
Regulator
Are the policy amp process
relating to AML in place
Have they been implemented
amp automated
Can this be proven with sample
scenarios or transactions
Regulators
You would want to strike that balance
Being regulator compliant Manage Compliance Costs
Compliance Is Expensive but Noncompliance Can Cost Even More
Banks not only paid out $ 210bn over six years along with indictments and imprisonment but also faced reputational damages
From the 3 processes that we have identified
(customers payments trade) where
do you think highest fines occurred
Major Sanctions Violation cases are related to
$ 536M
Credit Suisse
$ 500M
RBS (ABN Amro)
$ 88M
JP Morgan
$ 667M
Standard Chartered
$ 619M
ING
HSBC
$ 19B
$ 89BBNP Paribas
$ 145B
Commerzbank
2009 20102011
2012 2012
2012
2014
2015
Payments
Trends that we are seeing in payment screening
A Scenario
Bank Bank Bank
euro pound yen $
The bank in the UK has violated US sanction via Payment Stripping
Payment Stripping ldquoPayment (or Wire) Stripping is the deliberate act of changing or removing material information from payments or instructions making it difficult to identify payments or to connect them to sanctioned parties individuals or countriesrdquo
bull US Regulators
Require systems to be in place to detect ldquobypassingrdquo attemptsApplicable to all US entities and all operations going through US territory
bull Other RegulatorsNo specific guidelines
Will rather ask lsquowhat do you have in place to avoid strippingrsquo
bull Ultimately ndash Stripping Detection is mandatory
Traceability ndash From Black Box to Glass Box
Audit this message
bull What was the filter configurationbull What version of the watchlist
database was usedbull What business rules were applied
and whybull Who reviewed it and what
decisions did they make
KYF
Compliance Agility
Compliance Agility will be a central
point to control screening parameters
It should offer a layer of securely
changing or updating configurations
Additionally provide analytics to enable
you to demonstrate your screening
policyrsquos efficiency
Compliance officers will be assured and
confident that theyrsquore receiving the
right levels of control and visibility over
their screening operations to prove their
results to the regulator
Internal operational efficiency and real-
time speed will deliver complete end-
to-end visibility and security over their
screening processes
Explainable AI
Why is AI a Challenge for Screening Compliance today
Domestic Payment Screening
bull Adopted in some of the markets globally
bull From an Indian context some of the larger banks are in consideration for
adopting as a best practise
bull With surge in volumes are existing systems configurable amp scalable to handle
such loads without impacting customer experience
bull Cost of non compliance on payments is high
bull Increasing regulators are asking for ldquoexplainable technologyrdquo solution
bull With frequent regulatory updates Banks are increasingly adopting
configurable solutions that can offer complete visibility
bull Intelligent amp Scalable
Key Takeaways
20
Accuity becomes the official
registrar of ABA routing numbers
Bankers Almanac and the Wolfsberg Group
create a central repository for bank
due diligence information
Accuity acquired by CBNet
Accuityfounded
Bankers Almanac established
Accuity signs national contract with the
US Social Security Administration
marking the start of its PEC business
Accuity acquires NRS
Reed Elsevier (now RELX)
acquires Accuity integrating it with Bankers Almanac
Accuity acquires Fircosoft
Accuity launches first-to-market
trade compliance innovation
Accuity enables financial crime
screening on R3 Corda blockchain
platform
Accuity closes historic deal with
PayPal
Accuity launchsFirco Trade
Compliance Vessel Tracking
Accuity acquires Safe Banking Systems ( SBS)
to bring in AI Capabilities
1836 1845 1911 2004 2007 2010 2011 2013 2014 2017 2018
Our history
Thank you
sureshvytlaaccuitycom
Compliance Operations IT
Needs to prove control over
the application of compliance
policy and procedures
Needs to explain why a
message has been released
when a hit was expected
Maintain increase speed of
system despite surging volumes
to be screened
Needs to save time on alert
review
bull Looking for information
to make decisions
accordingly
bull Identify quickly hits that
need investigation
bull Qualify decisions
Banks
Regulator
Are the policy amp process
relating to AML in place
Have they been implemented
amp automated
Can this be proven with sample
scenarios or transactions
Regulators
You would want to strike that balance
Being regulator compliant Manage Compliance Costs
Compliance Is Expensive but Noncompliance Can Cost Even More
Banks not only paid out $ 210bn over six years along with indictments and imprisonment but also faced reputational damages
From the 3 processes that we have identified
(customers payments trade) where
do you think highest fines occurred
Major Sanctions Violation cases are related to
$ 536M
Credit Suisse
$ 500M
RBS (ABN Amro)
$ 88M
JP Morgan
$ 667M
Standard Chartered
$ 619M
ING
HSBC
$ 19B
$ 89BBNP Paribas
$ 145B
Commerzbank
2009 20102011
2012 2012
2012
2014
2015
Payments
Trends that we are seeing in payment screening
A Scenario
Bank Bank Bank
euro pound yen $
The bank in the UK has violated US sanction via Payment Stripping
Payment Stripping ldquoPayment (or Wire) Stripping is the deliberate act of changing or removing material information from payments or instructions making it difficult to identify payments or to connect them to sanctioned parties individuals or countriesrdquo
bull US Regulators
Require systems to be in place to detect ldquobypassingrdquo attemptsApplicable to all US entities and all operations going through US territory
bull Other RegulatorsNo specific guidelines
Will rather ask lsquowhat do you have in place to avoid strippingrsquo
bull Ultimately ndash Stripping Detection is mandatory
Traceability ndash From Black Box to Glass Box
Audit this message
bull What was the filter configurationbull What version of the watchlist
database was usedbull What business rules were applied
and whybull Who reviewed it and what
decisions did they make
KYF
Compliance Agility
Compliance Agility will be a central
point to control screening parameters
It should offer a layer of securely
changing or updating configurations
Additionally provide analytics to enable
you to demonstrate your screening
policyrsquos efficiency
Compliance officers will be assured and
confident that theyrsquore receiving the
right levels of control and visibility over
their screening operations to prove their
results to the regulator
Internal operational efficiency and real-
time speed will deliver complete end-
to-end visibility and security over their
screening processes
Explainable AI
Why is AI a Challenge for Screening Compliance today
Domestic Payment Screening
bull Adopted in some of the markets globally
bull From an Indian context some of the larger banks are in consideration for
adopting as a best practise
bull With surge in volumes are existing systems configurable amp scalable to handle
such loads without impacting customer experience
bull Cost of non compliance on payments is high
bull Increasing regulators are asking for ldquoexplainable technologyrdquo solution
bull With frequent regulatory updates Banks are increasingly adopting
configurable solutions that can offer complete visibility
bull Intelligent amp Scalable
Key Takeaways
20
Accuity becomes the official
registrar of ABA routing numbers
Bankers Almanac and the Wolfsberg Group
create a central repository for bank
due diligence information
Accuity acquired by CBNet
Accuityfounded
Bankers Almanac established
Accuity signs national contract with the
US Social Security Administration
marking the start of its PEC business
Accuity acquires NRS
Reed Elsevier (now RELX)
acquires Accuity integrating it with Bankers Almanac
Accuity acquires Fircosoft
Accuity launches first-to-market
trade compliance innovation
Accuity enables financial crime
screening on R3 Corda blockchain
platform
Accuity closes historic deal with
PayPal
Accuity launchsFirco Trade
Compliance Vessel Tracking
Accuity acquires Safe Banking Systems ( SBS)
to bring in AI Capabilities
1836 1845 1911 2004 2007 2010 2011 2013 2014 2017 2018
Our history
Thank you
sureshvytlaaccuitycom
You would want to strike that balance
Being regulator compliant Manage Compliance Costs
Compliance Is Expensive but Noncompliance Can Cost Even More
Banks not only paid out $ 210bn over six years along with indictments and imprisonment but also faced reputational damages
From the 3 processes that we have identified
(customers payments trade) where
do you think highest fines occurred
Major Sanctions Violation cases are related to
$ 536M
Credit Suisse
$ 500M
RBS (ABN Amro)
$ 88M
JP Morgan
$ 667M
Standard Chartered
$ 619M
ING
HSBC
$ 19B
$ 89BBNP Paribas
$ 145B
Commerzbank
2009 20102011
2012 2012
2012
2014
2015
Payments
Trends that we are seeing in payment screening
A Scenario
Bank Bank Bank
euro pound yen $
The bank in the UK has violated US sanction via Payment Stripping
Payment Stripping ldquoPayment (or Wire) Stripping is the deliberate act of changing or removing material information from payments or instructions making it difficult to identify payments or to connect them to sanctioned parties individuals or countriesrdquo
bull US Regulators
Require systems to be in place to detect ldquobypassingrdquo attemptsApplicable to all US entities and all operations going through US territory
bull Other RegulatorsNo specific guidelines
Will rather ask lsquowhat do you have in place to avoid strippingrsquo
bull Ultimately ndash Stripping Detection is mandatory
Traceability ndash From Black Box to Glass Box
Audit this message
bull What was the filter configurationbull What version of the watchlist
database was usedbull What business rules were applied
and whybull Who reviewed it and what
decisions did they make
KYF
Compliance Agility
Compliance Agility will be a central
point to control screening parameters
It should offer a layer of securely
changing or updating configurations
Additionally provide analytics to enable
you to demonstrate your screening
policyrsquos efficiency
Compliance officers will be assured and
confident that theyrsquore receiving the
right levels of control and visibility over
their screening operations to prove their
results to the regulator
Internal operational efficiency and real-
time speed will deliver complete end-
to-end visibility and security over their
screening processes
Explainable AI
Why is AI a Challenge for Screening Compliance today
Domestic Payment Screening
bull Adopted in some of the markets globally
bull From an Indian context some of the larger banks are in consideration for
adopting as a best practise
bull With surge in volumes are existing systems configurable amp scalable to handle
such loads without impacting customer experience
bull Cost of non compliance on payments is high
bull Increasing regulators are asking for ldquoexplainable technologyrdquo solution
bull With frequent regulatory updates Banks are increasingly adopting
configurable solutions that can offer complete visibility
bull Intelligent amp Scalable
Key Takeaways
20
Accuity becomes the official
registrar of ABA routing numbers
Bankers Almanac and the Wolfsberg Group
create a central repository for bank
due diligence information
Accuity acquired by CBNet
Accuityfounded
Bankers Almanac established
Accuity signs national contract with the
US Social Security Administration
marking the start of its PEC business
Accuity acquires NRS
Reed Elsevier (now RELX)
acquires Accuity integrating it with Bankers Almanac
Accuity acquires Fircosoft
Accuity launches first-to-market
trade compliance innovation
Accuity enables financial crime
screening on R3 Corda blockchain
platform
Accuity closes historic deal with
PayPal
Accuity launchsFirco Trade
Compliance Vessel Tracking
Accuity acquires Safe Banking Systems ( SBS)
to bring in AI Capabilities
1836 1845 1911 2004 2007 2010 2011 2013 2014 2017 2018
Our history
Thank you
sureshvytlaaccuitycom
Compliance Is Expensive but Noncompliance Can Cost Even More
Banks not only paid out $ 210bn over six years along with indictments and imprisonment but also faced reputational damages
From the 3 processes that we have identified
(customers payments trade) where
do you think highest fines occurred
Major Sanctions Violation cases are related to
$ 536M
Credit Suisse
$ 500M
RBS (ABN Amro)
$ 88M
JP Morgan
$ 667M
Standard Chartered
$ 619M
ING
HSBC
$ 19B
$ 89BBNP Paribas
$ 145B
Commerzbank
2009 20102011
2012 2012
2012
2014
2015
Payments
Trends that we are seeing in payment screening
A Scenario
Bank Bank Bank
euro pound yen $
The bank in the UK has violated US sanction via Payment Stripping
Payment Stripping ldquoPayment (or Wire) Stripping is the deliberate act of changing or removing material information from payments or instructions making it difficult to identify payments or to connect them to sanctioned parties individuals or countriesrdquo
bull US Regulators
Require systems to be in place to detect ldquobypassingrdquo attemptsApplicable to all US entities and all operations going through US territory
bull Other RegulatorsNo specific guidelines
Will rather ask lsquowhat do you have in place to avoid strippingrsquo
bull Ultimately ndash Stripping Detection is mandatory
Traceability ndash From Black Box to Glass Box
Audit this message
bull What was the filter configurationbull What version of the watchlist
database was usedbull What business rules were applied
and whybull Who reviewed it and what
decisions did they make
KYF
Compliance Agility
Compliance Agility will be a central
point to control screening parameters
It should offer a layer of securely
changing or updating configurations
Additionally provide analytics to enable
you to demonstrate your screening
policyrsquos efficiency
Compliance officers will be assured and
confident that theyrsquore receiving the
right levels of control and visibility over
their screening operations to prove their
results to the regulator
Internal operational efficiency and real-
time speed will deliver complete end-
to-end visibility and security over their
screening processes
Explainable AI
Why is AI a Challenge for Screening Compliance today
Domestic Payment Screening
bull Adopted in some of the markets globally
bull From an Indian context some of the larger banks are in consideration for
adopting as a best practise
bull With surge in volumes are existing systems configurable amp scalable to handle
such loads without impacting customer experience
bull Cost of non compliance on payments is high
bull Increasing regulators are asking for ldquoexplainable technologyrdquo solution
bull With frequent regulatory updates Banks are increasingly adopting
configurable solutions that can offer complete visibility
bull Intelligent amp Scalable
Key Takeaways
20
Accuity becomes the official
registrar of ABA routing numbers
Bankers Almanac and the Wolfsberg Group
create a central repository for bank
due diligence information
Accuity acquired by CBNet
Accuityfounded
Bankers Almanac established
Accuity signs national contract with the
US Social Security Administration
marking the start of its PEC business
Accuity acquires NRS
Reed Elsevier (now RELX)
acquires Accuity integrating it with Bankers Almanac
Accuity acquires Fircosoft
Accuity launches first-to-market
trade compliance innovation
Accuity enables financial crime
screening on R3 Corda blockchain
platform
Accuity closes historic deal with
PayPal
Accuity launchsFirco Trade
Compliance Vessel Tracking
Accuity acquires Safe Banking Systems ( SBS)
to bring in AI Capabilities
1836 1845 1911 2004 2007 2010 2011 2013 2014 2017 2018
Our history
Thank you
sureshvytlaaccuitycom
From the 3 processes that we have identified
(customers payments trade) where
do you think highest fines occurred
Major Sanctions Violation cases are related to
$ 536M
Credit Suisse
$ 500M
RBS (ABN Amro)
$ 88M
JP Morgan
$ 667M
Standard Chartered
$ 619M
ING
HSBC
$ 19B
$ 89BBNP Paribas
$ 145B
Commerzbank
2009 20102011
2012 2012
2012
2014
2015
Payments
Trends that we are seeing in payment screening
A Scenario
Bank Bank Bank
euro pound yen $
The bank in the UK has violated US sanction via Payment Stripping
Payment Stripping ldquoPayment (or Wire) Stripping is the deliberate act of changing or removing material information from payments or instructions making it difficult to identify payments or to connect them to sanctioned parties individuals or countriesrdquo
bull US Regulators
Require systems to be in place to detect ldquobypassingrdquo attemptsApplicable to all US entities and all operations going through US territory
bull Other RegulatorsNo specific guidelines
Will rather ask lsquowhat do you have in place to avoid strippingrsquo
bull Ultimately ndash Stripping Detection is mandatory
Traceability ndash From Black Box to Glass Box
Audit this message
bull What was the filter configurationbull What version of the watchlist
database was usedbull What business rules were applied
and whybull Who reviewed it and what
decisions did they make
KYF
Compliance Agility
Compliance Agility will be a central
point to control screening parameters
It should offer a layer of securely
changing or updating configurations
Additionally provide analytics to enable
you to demonstrate your screening
policyrsquos efficiency
Compliance officers will be assured and
confident that theyrsquore receiving the
right levels of control and visibility over
their screening operations to prove their
results to the regulator
Internal operational efficiency and real-
time speed will deliver complete end-
to-end visibility and security over their
screening processes
Explainable AI
Why is AI a Challenge for Screening Compliance today
Domestic Payment Screening
bull Adopted in some of the markets globally
bull From an Indian context some of the larger banks are in consideration for
adopting as a best practise
bull With surge in volumes are existing systems configurable amp scalable to handle
such loads without impacting customer experience
bull Cost of non compliance on payments is high
bull Increasing regulators are asking for ldquoexplainable technologyrdquo solution
bull With frequent regulatory updates Banks are increasingly adopting
configurable solutions that can offer complete visibility
bull Intelligent amp Scalable
Key Takeaways
20
Accuity becomes the official
registrar of ABA routing numbers
Bankers Almanac and the Wolfsberg Group
create a central repository for bank
due diligence information
Accuity acquired by CBNet
Accuityfounded
Bankers Almanac established
Accuity signs national contract with the
US Social Security Administration
marking the start of its PEC business
Accuity acquires NRS
Reed Elsevier (now RELX)
acquires Accuity integrating it with Bankers Almanac
Accuity acquires Fircosoft
Accuity launches first-to-market
trade compliance innovation
Accuity enables financial crime
screening on R3 Corda blockchain
platform
Accuity closes historic deal with
PayPal
Accuity launchsFirco Trade
Compliance Vessel Tracking
Accuity acquires Safe Banking Systems ( SBS)
to bring in AI Capabilities
1836 1845 1911 2004 2007 2010 2011 2013 2014 2017 2018
Our history
Thank you
sureshvytlaaccuitycom
Major Sanctions Violation cases are related to
$ 536M
Credit Suisse
$ 500M
RBS (ABN Amro)
$ 88M
JP Morgan
$ 667M
Standard Chartered
$ 619M
ING
HSBC
$ 19B
$ 89BBNP Paribas
$ 145B
Commerzbank
2009 20102011
2012 2012
2012
2014
2015
Payments
Trends that we are seeing in payment screening
A Scenario
Bank Bank Bank
euro pound yen $
The bank in the UK has violated US sanction via Payment Stripping
Payment Stripping ldquoPayment (or Wire) Stripping is the deliberate act of changing or removing material information from payments or instructions making it difficult to identify payments or to connect them to sanctioned parties individuals or countriesrdquo
bull US Regulators
Require systems to be in place to detect ldquobypassingrdquo attemptsApplicable to all US entities and all operations going through US territory
bull Other RegulatorsNo specific guidelines
Will rather ask lsquowhat do you have in place to avoid strippingrsquo
bull Ultimately ndash Stripping Detection is mandatory
Traceability ndash From Black Box to Glass Box
Audit this message
bull What was the filter configurationbull What version of the watchlist
database was usedbull What business rules were applied
and whybull Who reviewed it and what
decisions did they make
KYF
Compliance Agility
Compliance Agility will be a central
point to control screening parameters
It should offer a layer of securely
changing or updating configurations
Additionally provide analytics to enable
you to demonstrate your screening
policyrsquos efficiency
Compliance officers will be assured and
confident that theyrsquore receiving the
right levels of control and visibility over
their screening operations to prove their
results to the regulator
Internal operational efficiency and real-
time speed will deliver complete end-
to-end visibility and security over their
screening processes
Explainable AI
Why is AI a Challenge for Screening Compliance today
Domestic Payment Screening
bull Adopted in some of the markets globally
bull From an Indian context some of the larger banks are in consideration for
adopting as a best practise
bull With surge in volumes are existing systems configurable amp scalable to handle
such loads without impacting customer experience
bull Cost of non compliance on payments is high
bull Increasing regulators are asking for ldquoexplainable technologyrdquo solution
bull With frequent regulatory updates Banks are increasingly adopting
configurable solutions that can offer complete visibility
bull Intelligent amp Scalable
Key Takeaways
20
Accuity becomes the official
registrar of ABA routing numbers
Bankers Almanac and the Wolfsberg Group
create a central repository for bank
due diligence information
Accuity acquired by CBNet
Accuityfounded
Bankers Almanac established
Accuity signs national contract with the
US Social Security Administration
marking the start of its PEC business
Accuity acquires NRS
Reed Elsevier (now RELX)
acquires Accuity integrating it with Bankers Almanac
Accuity acquires Fircosoft
Accuity launches first-to-market
trade compliance innovation
Accuity enables financial crime
screening on R3 Corda blockchain
platform
Accuity closes historic deal with
PayPal
Accuity launchsFirco Trade
Compliance Vessel Tracking
Accuity acquires Safe Banking Systems ( SBS)
to bring in AI Capabilities
1836 1845 1911 2004 2007 2010 2011 2013 2014 2017 2018
Our history
Thank you
sureshvytlaaccuitycom
Trends that we are seeing in payment screening
A Scenario
Bank Bank Bank
euro pound yen $
The bank in the UK has violated US sanction via Payment Stripping
Payment Stripping ldquoPayment (or Wire) Stripping is the deliberate act of changing or removing material information from payments or instructions making it difficult to identify payments or to connect them to sanctioned parties individuals or countriesrdquo
bull US Regulators
Require systems to be in place to detect ldquobypassingrdquo attemptsApplicable to all US entities and all operations going through US territory
bull Other RegulatorsNo specific guidelines
Will rather ask lsquowhat do you have in place to avoid strippingrsquo
bull Ultimately ndash Stripping Detection is mandatory
Traceability ndash From Black Box to Glass Box
Audit this message
bull What was the filter configurationbull What version of the watchlist
database was usedbull What business rules were applied
and whybull Who reviewed it and what
decisions did they make
KYF
Compliance Agility
Compliance Agility will be a central
point to control screening parameters
It should offer a layer of securely
changing or updating configurations
Additionally provide analytics to enable
you to demonstrate your screening
policyrsquos efficiency
Compliance officers will be assured and
confident that theyrsquore receiving the
right levels of control and visibility over
their screening operations to prove their
results to the regulator
Internal operational efficiency and real-
time speed will deliver complete end-
to-end visibility and security over their
screening processes
Explainable AI
Why is AI a Challenge for Screening Compliance today
Domestic Payment Screening
bull Adopted in some of the markets globally
bull From an Indian context some of the larger banks are in consideration for
adopting as a best practise
bull With surge in volumes are existing systems configurable amp scalable to handle
such loads without impacting customer experience
bull Cost of non compliance on payments is high
bull Increasing regulators are asking for ldquoexplainable technologyrdquo solution
bull With frequent regulatory updates Banks are increasingly adopting
configurable solutions that can offer complete visibility
bull Intelligent amp Scalable
Key Takeaways
20
Accuity becomes the official
registrar of ABA routing numbers
Bankers Almanac and the Wolfsberg Group
create a central repository for bank
due diligence information
Accuity acquired by CBNet
Accuityfounded
Bankers Almanac established
Accuity signs national contract with the
US Social Security Administration
marking the start of its PEC business
Accuity acquires NRS
Reed Elsevier (now RELX)
acquires Accuity integrating it with Bankers Almanac
Accuity acquires Fircosoft
Accuity launches first-to-market
trade compliance innovation
Accuity enables financial crime
screening on R3 Corda blockchain
platform
Accuity closes historic deal with
PayPal
Accuity launchsFirco Trade
Compliance Vessel Tracking
Accuity acquires Safe Banking Systems ( SBS)
to bring in AI Capabilities
1836 1845 1911 2004 2007 2010 2011 2013 2014 2017 2018
Our history
Thank you
sureshvytlaaccuitycom
A Scenario
Bank Bank Bank
euro pound yen $
The bank in the UK has violated US sanction via Payment Stripping
Payment Stripping ldquoPayment (or Wire) Stripping is the deliberate act of changing or removing material information from payments or instructions making it difficult to identify payments or to connect them to sanctioned parties individuals or countriesrdquo
bull US Regulators
Require systems to be in place to detect ldquobypassingrdquo attemptsApplicable to all US entities and all operations going through US territory
bull Other RegulatorsNo specific guidelines
Will rather ask lsquowhat do you have in place to avoid strippingrsquo
bull Ultimately ndash Stripping Detection is mandatory
Traceability ndash From Black Box to Glass Box
Audit this message
bull What was the filter configurationbull What version of the watchlist
database was usedbull What business rules were applied
and whybull Who reviewed it and what
decisions did they make
KYF
Compliance Agility
Compliance Agility will be a central
point to control screening parameters
It should offer a layer of securely
changing or updating configurations
Additionally provide analytics to enable
you to demonstrate your screening
policyrsquos efficiency
Compliance officers will be assured and
confident that theyrsquore receiving the
right levels of control and visibility over
their screening operations to prove their
results to the regulator
Internal operational efficiency and real-
time speed will deliver complete end-
to-end visibility and security over their
screening processes
Explainable AI
Why is AI a Challenge for Screening Compliance today
Domestic Payment Screening
bull Adopted in some of the markets globally
bull From an Indian context some of the larger banks are in consideration for
adopting as a best practise
bull With surge in volumes are existing systems configurable amp scalable to handle
such loads without impacting customer experience
bull Cost of non compliance on payments is high
bull Increasing regulators are asking for ldquoexplainable technologyrdquo solution
bull With frequent regulatory updates Banks are increasingly adopting
configurable solutions that can offer complete visibility
bull Intelligent amp Scalable
Key Takeaways
20
Accuity becomes the official
registrar of ABA routing numbers
Bankers Almanac and the Wolfsberg Group
create a central repository for bank
due diligence information
Accuity acquired by CBNet
Accuityfounded
Bankers Almanac established
Accuity signs national contract with the
US Social Security Administration
marking the start of its PEC business
Accuity acquires NRS
Reed Elsevier (now RELX)
acquires Accuity integrating it with Bankers Almanac
Accuity acquires Fircosoft
Accuity launches first-to-market
trade compliance innovation
Accuity enables financial crime
screening on R3 Corda blockchain
platform
Accuity closes historic deal with
PayPal
Accuity launchsFirco Trade
Compliance Vessel Tracking
Accuity acquires Safe Banking Systems ( SBS)
to bring in AI Capabilities
1836 1845 1911 2004 2007 2010 2011 2013 2014 2017 2018
Our history
Thank you
sureshvytlaaccuitycom
Payment Stripping ldquoPayment (or Wire) Stripping is the deliberate act of changing or removing material information from payments or instructions making it difficult to identify payments or to connect them to sanctioned parties individuals or countriesrdquo
bull US Regulators
Require systems to be in place to detect ldquobypassingrdquo attemptsApplicable to all US entities and all operations going through US territory
bull Other RegulatorsNo specific guidelines
Will rather ask lsquowhat do you have in place to avoid strippingrsquo
bull Ultimately ndash Stripping Detection is mandatory
Traceability ndash From Black Box to Glass Box
Audit this message
bull What was the filter configurationbull What version of the watchlist
database was usedbull What business rules were applied
and whybull Who reviewed it and what
decisions did they make
KYF
Compliance Agility
Compliance Agility will be a central
point to control screening parameters
It should offer a layer of securely
changing or updating configurations
Additionally provide analytics to enable
you to demonstrate your screening
policyrsquos efficiency
Compliance officers will be assured and
confident that theyrsquore receiving the
right levels of control and visibility over
their screening operations to prove their
results to the regulator
Internal operational efficiency and real-
time speed will deliver complete end-
to-end visibility and security over their
screening processes
Explainable AI
Why is AI a Challenge for Screening Compliance today
Domestic Payment Screening
bull Adopted in some of the markets globally
bull From an Indian context some of the larger banks are in consideration for
adopting as a best practise
bull With surge in volumes are existing systems configurable amp scalable to handle
such loads without impacting customer experience
bull Cost of non compliance on payments is high
bull Increasing regulators are asking for ldquoexplainable technologyrdquo solution
bull With frequent regulatory updates Banks are increasingly adopting
configurable solutions that can offer complete visibility
bull Intelligent amp Scalable
Key Takeaways
20
Accuity becomes the official
registrar of ABA routing numbers
Bankers Almanac and the Wolfsberg Group
create a central repository for bank
due diligence information
Accuity acquired by CBNet
Accuityfounded
Bankers Almanac established
Accuity signs national contract with the
US Social Security Administration
marking the start of its PEC business
Accuity acquires NRS
Reed Elsevier (now RELX)
acquires Accuity integrating it with Bankers Almanac
Accuity acquires Fircosoft
Accuity launches first-to-market
trade compliance innovation
Accuity enables financial crime
screening on R3 Corda blockchain
platform
Accuity closes historic deal with
PayPal
Accuity launchsFirco Trade
Compliance Vessel Tracking
Accuity acquires Safe Banking Systems ( SBS)
to bring in AI Capabilities
1836 1845 1911 2004 2007 2010 2011 2013 2014 2017 2018
Our history
Thank you
sureshvytlaaccuitycom
Traceability ndash From Black Box to Glass Box
Audit this message
bull What was the filter configurationbull What version of the watchlist
database was usedbull What business rules were applied
and whybull Who reviewed it and what
decisions did they make
KYF
Compliance Agility
Compliance Agility will be a central
point to control screening parameters
It should offer a layer of securely
changing or updating configurations
Additionally provide analytics to enable
you to demonstrate your screening
policyrsquos efficiency
Compliance officers will be assured and
confident that theyrsquore receiving the
right levels of control and visibility over
their screening operations to prove their
results to the regulator
Internal operational efficiency and real-
time speed will deliver complete end-
to-end visibility and security over their
screening processes
Explainable AI
Why is AI a Challenge for Screening Compliance today
Domestic Payment Screening
bull Adopted in some of the markets globally
bull From an Indian context some of the larger banks are in consideration for
adopting as a best practise
bull With surge in volumes are existing systems configurable amp scalable to handle
such loads without impacting customer experience
bull Cost of non compliance on payments is high
bull Increasing regulators are asking for ldquoexplainable technologyrdquo solution
bull With frequent regulatory updates Banks are increasingly adopting
configurable solutions that can offer complete visibility
bull Intelligent amp Scalable
Key Takeaways
20
Accuity becomes the official
registrar of ABA routing numbers
Bankers Almanac and the Wolfsberg Group
create a central repository for bank
due diligence information
Accuity acquired by CBNet
Accuityfounded
Bankers Almanac established
Accuity signs national contract with the
US Social Security Administration
marking the start of its PEC business
Accuity acquires NRS
Reed Elsevier (now RELX)
acquires Accuity integrating it with Bankers Almanac
Accuity acquires Fircosoft
Accuity launches first-to-market
trade compliance innovation
Accuity enables financial crime
screening on R3 Corda blockchain
platform
Accuity closes historic deal with
PayPal
Accuity launchsFirco Trade
Compliance Vessel Tracking
Accuity acquires Safe Banking Systems ( SBS)
to bring in AI Capabilities
1836 1845 1911 2004 2007 2010 2011 2013 2014 2017 2018
Our history
Thank you
sureshvytlaaccuitycom
Compliance Agility
Compliance Agility will be a central
point to control screening parameters
It should offer a layer of securely
changing or updating configurations
Additionally provide analytics to enable
you to demonstrate your screening
policyrsquos efficiency
Compliance officers will be assured and
confident that theyrsquore receiving the
right levels of control and visibility over
their screening operations to prove their
results to the regulator
Internal operational efficiency and real-
time speed will deliver complete end-
to-end visibility and security over their
screening processes
Explainable AI
Why is AI a Challenge for Screening Compliance today
Domestic Payment Screening
bull Adopted in some of the markets globally
bull From an Indian context some of the larger banks are in consideration for
adopting as a best practise
bull With surge in volumes are existing systems configurable amp scalable to handle
such loads without impacting customer experience
bull Cost of non compliance on payments is high
bull Increasing regulators are asking for ldquoexplainable technologyrdquo solution
bull With frequent regulatory updates Banks are increasingly adopting
configurable solutions that can offer complete visibility
bull Intelligent amp Scalable
Key Takeaways
20
Accuity becomes the official
registrar of ABA routing numbers
Bankers Almanac and the Wolfsberg Group
create a central repository for bank
due diligence information
Accuity acquired by CBNet
Accuityfounded
Bankers Almanac established
Accuity signs national contract with the
US Social Security Administration
marking the start of its PEC business
Accuity acquires NRS
Reed Elsevier (now RELX)
acquires Accuity integrating it with Bankers Almanac
Accuity acquires Fircosoft
Accuity launches first-to-market
trade compliance innovation
Accuity enables financial crime
screening on R3 Corda blockchain
platform
Accuity closes historic deal with
PayPal
Accuity launchsFirco Trade
Compliance Vessel Tracking
Accuity acquires Safe Banking Systems ( SBS)
to bring in AI Capabilities
1836 1845 1911 2004 2007 2010 2011 2013 2014 2017 2018
Our history
Thank you
sureshvytlaaccuitycom
Explainable AI
Why is AI a Challenge for Screening Compliance today
Domestic Payment Screening
bull Adopted in some of the markets globally
bull From an Indian context some of the larger banks are in consideration for
adopting as a best practise
bull With surge in volumes are existing systems configurable amp scalable to handle
such loads without impacting customer experience
bull Cost of non compliance on payments is high
bull Increasing regulators are asking for ldquoexplainable technologyrdquo solution
bull With frequent regulatory updates Banks are increasingly adopting
configurable solutions that can offer complete visibility
bull Intelligent amp Scalable
Key Takeaways
20
Accuity becomes the official
registrar of ABA routing numbers
Bankers Almanac and the Wolfsberg Group
create a central repository for bank
due diligence information
Accuity acquired by CBNet
Accuityfounded
Bankers Almanac established
Accuity signs national contract with the
US Social Security Administration
marking the start of its PEC business
Accuity acquires NRS
Reed Elsevier (now RELX)
acquires Accuity integrating it with Bankers Almanac
Accuity acquires Fircosoft
Accuity launches first-to-market
trade compliance innovation
Accuity enables financial crime
screening on R3 Corda blockchain
platform
Accuity closes historic deal with
PayPal
Accuity launchsFirco Trade
Compliance Vessel Tracking
Accuity acquires Safe Banking Systems ( SBS)
to bring in AI Capabilities
1836 1845 1911 2004 2007 2010 2011 2013 2014 2017 2018
Our history
Thank you
sureshvytlaaccuitycom
Domestic Payment Screening
bull Adopted in some of the markets globally
bull From an Indian context some of the larger banks are in consideration for
adopting as a best practise
bull With surge in volumes are existing systems configurable amp scalable to handle
such loads without impacting customer experience
bull Cost of non compliance on payments is high
bull Increasing regulators are asking for ldquoexplainable technologyrdquo solution
bull With frequent regulatory updates Banks are increasingly adopting
configurable solutions that can offer complete visibility
bull Intelligent amp Scalable
Key Takeaways
20
Accuity becomes the official
registrar of ABA routing numbers
Bankers Almanac and the Wolfsberg Group
create a central repository for bank
due diligence information
Accuity acquired by CBNet
Accuityfounded
Bankers Almanac established
Accuity signs national contract with the
US Social Security Administration
marking the start of its PEC business
Accuity acquires NRS
Reed Elsevier (now RELX)
acquires Accuity integrating it with Bankers Almanac
Accuity acquires Fircosoft
Accuity launches first-to-market
trade compliance innovation
Accuity enables financial crime
screening on R3 Corda blockchain
platform
Accuity closes historic deal with
PayPal
Accuity launchsFirco Trade
Compliance Vessel Tracking
Accuity acquires Safe Banking Systems ( SBS)
to bring in AI Capabilities
1836 1845 1911 2004 2007 2010 2011 2013 2014 2017 2018
Our history
Thank you
sureshvytlaaccuitycom
bull Cost of non compliance on payments is high
bull Increasing regulators are asking for ldquoexplainable technologyrdquo solution
bull With frequent regulatory updates Banks are increasingly adopting
configurable solutions that can offer complete visibility
bull Intelligent amp Scalable
Key Takeaways
20
Accuity becomes the official
registrar of ABA routing numbers
Bankers Almanac and the Wolfsberg Group
create a central repository for bank
due diligence information
Accuity acquired by CBNet
Accuityfounded
Bankers Almanac established
Accuity signs national contract with the
US Social Security Administration
marking the start of its PEC business
Accuity acquires NRS
Reed Elsevier (now RELX)
acquires Accuity integrating it with Bankers Almanac
Accuity acquires Fircosoft
Accuity launches first-to-market
trade compliance innovation
Accuity enables financial crime
screening on R3 Corda blockchain
platform
Accuity closes historic deal with
PayPal
Accuity launchsFirco Trade
Compliance Vessel Tracking
Accuity acquires Safe Banking Systems ( SBS)
to bring in AI Capabilities
1836 1845 1911 2004 2007 2010 2011 2013 2014 2017 2018
Our history
Thank you
sureshvytlaaccuitycom
20
Accuity becomes the official
registrar of ABA routing numbers
Bankers Almanac and the Wolfsberg Group
create a central repository for bank
due diligence information
Accuity acquired by CBNet
Accuityfounded
Bankers Almanac established
Accuity signs national contract with the
US Social Security Administration
marking the start of its PEC business
Accuity acquires NRS
Reed Elsevier (now RELX)
acquires Accuity integrating it with Bankers Almanac
Accuity acquires Fircosoft
Accuity launches first-to-market
trade compliance innovation
Accuity enables financial crime
screening on R3 Corda blockchain
platform
Accuity closes historic deal with
PayPal
Accuity launchsFirco Trade
Compliance Vessel Tracking
Accuity acquires Safe Banking Systems ( SBS)
to bring in AI Capabilities
1836 1845 1911 2004 2007 2010 2011 2013 2014 2017 2018
Our history
Thank you
sureshvytlaaccuitycom
Thank you
sureshvytlaaccuitycom