Tag Archives: Regtech

LFP146 – Creating Regtech’s Robocop – Automating AML et al w/Charlie Delingpole ComplyAdvantage

Podcast: Play in new window | Download

Subscribe: RSS

Charlie is one of London’s greatest serial entrepreneurs – with ground-breaking the Student Room and Market Invoice under his belt, as an MLRO he saw the huge gap in the market for using AI/ML to solve both the Financial Crime problem and businesses problems in risking prison if they get it wrong. Thus he formed ComplyAdvantage in 2014 which now has offices in four countries around the world.

This whole area has many dimensions. First it’s a regulatory necessity – Fintechs, FS and increasingly others (Apple had to pay a big fine recently) need to Do The Right Thing. Second its a huge resource drain, traditionally very manually done. But third the MLRO is the poor bod that will be picked on to go to jail.

How does Fintech/FS handle these challenges?

What can computers and a smart bunch of folks do to solve this in a 21stC way?

All this and more are covered in this episode. Topics discussed include: Continue reading →

LFP136 – Regtech: Using Tech to Connect Data to Consequence and Action w/Evgeny Likhoded CEO Clausematch

Podcast: Play in new window | Download

Subscribe: RSS

A super-important overview today. Data is just information is the standard line. Correct but not what matters in the real world. In the real world a regulatory announcement has consequences in organisations and requires actions – be it changing client agreements or operating procedures. What if we could use tech to go beyond the “regulation as pdf” to something far more third millennium? What if the new reg change was instead a domino which set in process a whole series of other dominoes falling inside regulated businesses?

Something radical is surely required given the absolute tsunami of regulation and the ludicrous black-hole like ability it is having in sucking increasing percentages of banks into being paper-pushers rather than wealth creators. At some point we will fall inside the event horizon and one person will be trying to make money in the bank and the rest pushing paper.

Clausematch and Evgeny came recommended to me long ago by Fintech übermensch Nigel Verdon. In this episode Evgeny leads us into the world of Regtech and gets beyond all the mad hype all too often associated with the sector. Whether we like it or not the world of Emperor Palpatine (“the bureaucrats have taken over”) is the world we live in whether #oldFS or #Fintech. Dealing with all the crap is a differentiator – indeed a sine qua non.

Topics discussed include: Continue reading →