Monetary Crime Threat Mgmt
Intel collaborated with Consilient, a three way partnership between K2 Integrity and Large Oak, to supply a white paper that describes a technological strategy to replace the present anti-money laundering/counter-terrorist financing system.
The “Federated Studying by means of Revolutionary Know-how” report explains how the mix of Consilient’s Dozer behavioral analytics software and Intel’s Software program Guard Extensions platform might assist business acquire insights on monetary crime dangers whereas sustaining information privateness.
Each corporations intend for his or her applied sciences to help efforts in each private and non-private sectors to determine illicit exercise throughout the worldwide monetary system as a part of the federated studying structure.
Consilient’s proprietary expertise is designed to make use of a machine studying algorithm that may journey between servers at a number of establishments to research dataset patterns, whereas the Intel SGX platform features as a hardware-based trusted execution atmosphere to assist organizations keep away from unauthorized code or information modifications.
The report famous that Dozer has the potential to chop the false-positive price in rule-based screening strategies and AML/CFT methods from 95 % to 12 %.
Juan Zarate, world co-managing companion and chief technique officer of K2 Integrity and 2016 Wash100 Award recipient, launched Consilient final month with Large Oak founder and CEO Gary Shiffman. They authored the monetary companies safety white paper in partnership with Intel professionals Nikhil Deshpande, Raghuram Yeluri and Parviz Peiravi.