Duality’s Chief Business Officer, Michael Hughes, discusses key RegTech trends, operational risks face by financial institutions, and how to tackle the roadblocks that are hindering secure data collaboration at the 2022 Global RegTech Summit.
The USA PATRIOT Act Section 314(b) is an important enabler in the fight against financial crime, allowing financial institutions to share vital data with one another for prevention, detection, and investigations. Ronen Cohen, VP of Strategy at Duality Technologies, discusses why financial institutions have struggled to fully utilize this valuable piece of legislation and how privacy-first approaches are paving a new way forward.
Today’s data driven enterprise must harness the power of data and realize its value. However, in many cases, organizations are limited due to the complexity of their data footprint, compliance, and privacy regulation factors, as well as competitive, business policy, and budget assignment concerns.
Trade financing is an essential part of business trade and the international economy. When misused, via duplicate trade financing/trade financing fraud, the losses incurred can run into the millions or even billions of dollars.
Here are a few facts about trade financing, trade financing fraud, and what steps can be taken to prevent fraud.
Eliminate fraud in the trade finance data ecosystem by enabling multiple lenders to be alerted when a funding request has already been financed – without revealing the identity of the entity making the request.
Technology can assist in providing a defensive, preemptive posture against trade financing fraud. Here’s how.
In this Osterman Research supported webinar, Michael Sampson, Senior Analyst at Osterman Research, leads a discussion with Duality’s Vice President of Strategy, Ronen Cohen, and Head of the FFIS, Nick J. Maxwell on how their roles are helping financial institutions navigating the path to successfully leveraging regulations and technology to improve data sharing.
A One-Stop-Shop for Privacy Preserving Data Collaboration, Introducing the Duality Collaboration Hub
Join Zohar Duchin, Head of Advanced Solutions, and Ronen Cohen, VP of Strategy, at Duality for a practical demonstration of how the latest in privacy enhancing technologies come together in one unified data platform to open up a new world of data collaboration.
Popular streaming TV series like Inventing Anna not only entertain – they educate on what we can do to fight financial fraud.
This webinar will explore the collaborative approach, which can future-proof banks’ fraud detection. Thanks to Privacy-Enhancing Technologies (PETs), the privacy of the data is maintained, eliminating competitive and regulatory concerns.
Fighting fraud in Canada means breaking down barriers between banks – without losing competitive edge. Watch to learn how.
Intra-institutional anti-fraud teams don’t get a clear view of their customers or how their funds are being moved. Ronen Cohen, Head of Strategy at Duality Technologies, explains why collaboration is key to fight fraud.
In this video, Neil Ringwood, Associate Partner – Financial Crimes at IBM Canada, explains the depth and severity of Canada’s second pandemic: the fraud crisis.
The rate of suspected digital fraud attempts against financial services companies increased 218% from the last four months of 2020 to the first four months of 2021, and have created a CA$8.62 billion fraud prevention and detection market. Read the full report.
In this presentation to the UNU Centre for Policy Research, Duality’s Head of Strategy Ronen Cohen presents the pitch for PETs as a tool for risk mitigation and fighting financial crime.
If banks could share their indicators of fraud and other data drawn from their customer account and device information rather than relying solely on their own data – without revealing identifying customer and device attributes – any apprehensions of inter-bank data sharing would quickly disappear.
Read more how secure, compliant, and privacy-protected information sharing can provide organizations with a complete view of customer activity.
IBM financial crime expert Neil Ringwood explains how financial institutions can use collaborative data science to form a secure network in the fight against fraud.
In this video, you’ll learn how real-life institutions use Homomorphic Encryption to fight insurance fraud.
For this fireside chat, we invited privacy and compliance experts across law firms, leading banks and the FFIS think tank to discuss the business potential and regulatory challenges associated with cross-border data transfers, and present emerging technology solutions that can help institutions mitigate compliance risks.