FCC-7

In this episode, we listen to a conversation between Pascal Aerens and Francis Chlarie. Francis has been working in the payment space for over 15 years, and is an expert in payment technologies. 

The subject of this conversation is Instant Payments: why they are important for the financial services industry, and how they require a complete rethinking of the payments processing chain, including compliance. 

They explore why instant payments is such a hot topic right now, why it’s important for e-Commerce merchants, and how it fits in the Central Banks plans to eventually issue digital currencies. 

They also discuss the impacts of instant payments on FCC and screening, and how it requires a new approach. 

In this episode, we listen to a conversation between Pascal Aerens and Chrisol Correia, Both of them have been working in Financial Crime Compliance technology for 20 years. In this conversation, they reflect on the recent rise in interest for KYT ("Know Your Transaction"), a detection technique where technology is used to detect suspicious transactions, with no other data source than the content of the transactions themselves. They discuss how AI, and more specifically Natural Language Processing (or NLP) are making it possible to extract information from transactions in real-time (which is so important as the world migrates to instant payments) and how programs can actually find persons and entities details in financial transactions that remain, even today, very badly structured.