Search
Close this search box.

We are creating some awesome events for you. Kindly bear with us.

Powering Next-Generation Compliance Through Advanced Analytics and AI

A Platform For Collaboration
How Do You Thrive In Them?

OpenGov Asia releases new digital content daily on trending topics within technology and the public sector. Join our newsletter to have weekly digests of our content conveniently sent to your email address.

OpenGov Asia is pleased to invite you to an exclusive Breakfast Insight that will look at how you can profit from your DX journey today as you brace yourselves for the challenges beyond.

Harnessing cutting edge technologies for real-time screening, reducing risks and false positives, safeguarding reputations and strengthening compliance
In today’s global economy, financial institutions face an ever-changing and increasingly complex regulatory environment. The current pandemic is highly likely to compound the situation, bringing yet-another consumer credit crisis and several high-profile compliance breakdowns after that.
With increased emphasis on consumer protection, the regulatory agencies are focused on institutions’ customer practices and regulatory compliance performance like never before.
Over the past few years, the volume of regulations has risen dramatically. Larger multinational banks have to comply with enormous complex national and international regulations that in some cases get even more complicated due to individual regulator’s discretion and judgment. Even local and smaller banks face the same dilemma.
Many regulations are broad and still evolving and yet, have stringent implementation guidelines mandated.
Moreover, compliance failure can result in litigation, financial penalties, regulatory constraints, and reputational damage that can strategically affect an organisation.
This points to four basic questions:
To meet increasing compliance expectations, financial institutions need to focus on building a well-structured compliance management model that can deal with evolving regulations, identify unknown risks, harness the benefits of technology and reduce the cost of compliance.

Enhancing AML Monitoring and Driving Operational Efficiency

Digital transformation and artificial intelligence are undeniably changing the Anti-Money Laundering landscape. The need to modernise AML processes, coupled with a regulatory push towards innovation, is driving financial institutions to enhance AML monitoring & drive operational efficiency.
The manual and semi-automated nature of current AML compliance efforts slow down processing timelines and impact business productivity.
The data is usually diverse and subpar. It’s common for systems to use only a subset of available data when generating alerts. Traditional transaction monitoring systems are unwieldy to maintain and rely on rules and thresholds that are easy for criminals to test and circumvent.
Investigation processes tend to be highly manual, from gathering the supporting data for a case to submitting a complete SAR (suspicious activity report). Meanwhile, the money launderers are working night and day to remain hidden, constantly engineering new ways to conceal the flow of funds.
Traditional anti-money laundering (AML) and combating the financing of terrorism (CFT) tools and tactics take longer and cost more than they should.
To fortify the defence, financial institutions need ways to:

Interested in getting the Agenda for this event?

Request a copy from our staff (opengov@opengovasia.com)

Who Should Attend

We will be discussing:


Meet Our 2020 Speackers

Ahmed Drissi
Anti-Money Laundering Lead – APAC
SAS

View more

Remco den Heijer
Vice President
SAS, ASEAN

View more
img12

Mohit Sagar
Group Managing Director and Editor-in-Chief
OpenGov Asia

View more

Download the Powering Next-Generation Compliance Through Advanced Analytics and AI Overview

By submitting, you agree to receive email communications from Opengov Asia, including upcoming promotions and discounted tickets, news, and access to exclusive invite-only events.


Sponsors

IN COLLABORATION WITH

Sas-Website-logo

Networking

Make valuable connections and meet peers and mentors in your industry. Share ideas with others in your field, meet your future business partner, or seek advice from people who’ve done it all before.

Learning

We live in uncertain times for tech and business. We’re welcoming the people who are tackling the big challenges facing industry today. In our current climate, upskilling has never been more important.

Exposure

Get exposed to first-hand knowledge and intelligence from subject matter experts across Asia Pacific to accelerate growth and progress.

The preparation that was put into this was fantastic. Great effort to follow up and cover all aspects on delegate needs

Armed Forces of the Philippines

The event was really great and I was able to get lots of insights. Hope to join again in future events

National Bureau of Investigation

This a whole new way of organising an event and making people come together to share their knowledge and insights are new to us, but you made it happen! Congrats OpenGov Team!

Department of Public Works and Highways

Get involved

For sponsorship opportunities

For speaking opportunities

engage@opengovasia.com

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Renowned for our consulting expertise and delivering expert IT solutions, CTC Global Singapore has become the preferred IT outsourcing partner for businesses across Singapore.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.