Global RegTech Summit 2022- Duality Interview
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: How CPOs Can Adopt a Privacy-First Approach To Secure Data Collaboration
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.
The Duality Platform
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.
Infographic: Trade Finance Fraud
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.
Prevent Duplicate Trade Financing by Leveraging Ecosystem Data
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.
Can Standardization Help Tackle Trade Finance Fraud?
Technology can assist in providing a defensive, preemptive posture against trade financing fraud. Here’s how.