How do you fight financial crime in a world driven by technology? In this episode, Nexi Group’s Georgi Kodinov joins Matt to reveal how AI, collaboration, and continuous learning are redefining compliance and anti-financial crime.

Takeaways

• Financial crime is evolving rapidly due to technology.

• Regulatory complexity is increasing, making compliance challenging.

• AI and machine learning are crucial for modern compliance.• Adopting new technologies requires overcoming internal resistance.

• Building trust in AI models is essential for their success.

• Historical data can reveal patterns previously unnoticed.

• Cross-functional collaboration enhances innovation in compliance.

• Scaling AI solutions must be approached cautiously to avoid errors.

• Continuous learning is vital in the fight against financial crime.

• The future of compliance will integrate technology and regulatory needs.

Top questions answered

"We need to adapt to new business models.""We need to build trust in AI models."

"Scaling errors in AI are a major concern."

Chapters

00:00 Introduction to Financial Crime in a Tech-Driven World

02:38 Complexity in Financial Crime and Regulation

04:56 Adopting Technology in Anti-Financial Crime

08:45 The Role of AI and Machine Learning

12:53 Challenges in Implementing New Technologies

17:29 Future of Anti-Financial Crime Strategies

20:45 Learning from Credit Risk Management

24:53 The Path Forward in Financial Crime Prevention