AML/CFT performance: A second-generation, cloud-based program, that extracts, and confirms, through third parties, relevant data, that is state-of-the-art, actually ahead of banking best practices, and which effectively delivers profile data, and evidence, far more efficiently than the first generation database which dates back to 9/11, and has not been upgraded since.
Kenneth Rijock talks about the current state of financial risk programs and offers an expert’s opinion of where we go next. The next generation is about leapfrogging static database offerings that rely on manual updates. We are striving to put WorldWatch Plus at the front of this 2.0 clould-based wave with automated data updates every 24 hours.
Read the full article at: rijock.blogspot.com