The FCC-7 Podcasts

Seven minutes to learn something new about FCC
Listen to previous episodes of FCC-7.

Each episode of FCC-7 is a conversation with a subject matter expert diving into a specific topic.  As we know you are busy and we are very conscious of your time, we limited each episode to 7 minutes (plus intro and takeways) to provide very high content density and great insights in a very short format.

We hope you’ll enjoy it and learn something new with each episode. Also visit the FCC-7 Insights for more white papers and articles.

06 - All you ever wanted to know about Data Privacy, AI and the Cloud (21 Apr 2021)

In this episode, which is all about data privacy, AI, and the cloud, we listen to a conversation between Neterium’s Chief Commercial Officer Florence Vicentini, and Raphael Dana.

Raphael is attorney at law based in Paris and has been practicing for over 15 years. He has been advising many companies around data privacy related questions and has numerous clients in the financial sector.

Florence and Raphael are discussing many of the hot topics in the data privacy debate. including scope and roles in the European GDPR regulation, the consequences of the cancellation of the US Privacy Shield, as well as the new cloud offerings trying to solve the data confidentiality, and data sovereignty issues.

But first, they start by reflecting on the apparent paradox of privacy in FCC, where we need data to perform KYC checks and enrich our AI models, but at the same time we must respect Data Privacy regulations.

05 - AI SERIES - IS THE SINGLE CUSTOMER VIEW STILL A MYTH? (24 Mar 2021)

In this episode, which is part of our series on AI in FCC, we listen to a conversation between Pascal Aerens and Eric Malherbe. Eric has been working as an expert and consultant in FCC technology for nearly 15 years.

Today’s conversation is focusing on a concept that looked like the holy grail of FCC, the “single customer view ”.

Eric and Pascal speak about their experience and wonder if this concept is now a reality or still a myth. To kick off the conversation, they remember how things started around 2008, when the term single customer view what first heard in FCC as part of the GRC trend.

04 - LOOKING BACK AT 20 YEARS OF WATCHLIST SCREENING (24 Feb 2021)

In this episode, a special look back at 20 years of FCC, we listen to a conversation between Peter Bauer and Neterium’s CEO, Luc Meurant, as they discuss how watchlist screening has evolved over the years from the early days after nine-eleven to today, with AI, the Cloud and industry-wide initiatives.

Peter  is a senior advisor at the Basel Institute on governance. Through his former role at UBS and his participation and advisory work in many leading industry groups including the Wolfsberg Group, Peter has been ideally positioned to witness the evolution of financial crime compliance over the last 20 years.

To kick off the conversation, Luc and Peter remember how banks had to completely change their approach to screening, very quickly, after the events of nine-eleven.

03 - AI SERIES - PRAGMATIC AI : SEPARATING HYPE FROM FACTS IN FCC (08 Dec 2020)

In this episode, which is the first in a series on AI in FCC, we listen to a conversation between Pascal Aerens and Staffan RolfssonStaffan has been working in FCC technology for nearly 15 years, mainly at one of the largest banks in Scandinavia, and has many years of experience in Artificial Intelligence. Today’s conversation is focusing on “pragmatic AI”: what is AI, how it can help, what is hype and what is real? For a few years now, AI has been presented as THE solution to all FCC problems -from better screening to perfect monitoring to ultimate fraud detection. Usually there is a gap between marketing claims and reality, so Staffan and Pascal explore what types of AI techniques can actually be used in FCC, and what could really make a difference. To kick off the conversation, they start by looking at the situation of AI in FCC today.Here are a few interesting links for a better understanding of terms used in the podcast:

02 - CAN FCC COPE WITH INSTANT PAYMENTS ? (10 Nov 2020)

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.

01 - WHAT IS KYT AND HOW DOES IT CHANGE THE REGTECH LANDSCAPE ? (20 Oct 2020)

In this first episode of FCC-7, 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 A.I., and more specifically Natural Language Processing (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.