RegTech 20:20 Podcast: Cracking the Code on Financial Crime
Recently, Encompass dropped a fresh episode of their RegTech 20:20 series, featuring Charles Delingpole—the founding CEO of ComplyAdvantage—and Teodora Christova, EMEA Partner Manager at Refinitiv. They dish out the latest research on how innovation is turning the tables in the battle against financial crime.
What Teodora Brings to the Table
Teodora dives into Refinitiv’s Global Financial Crime Report and pulls back the curtain on a world where criminals are more connected and ingenious than ever.
- • “If we’re this savvy, companies must maximise tech, trusted data, and the expertise of their folks.”
- • “A blend of emerging tech, creative collaboration, and fresh partnerships is our best bet to flip the financial crime narrative.”
- • “Every respondent says technology is the ultimate game‑changer in fighting crime.”
Charles’s Take on the Workforce Crunch
Charles points out a reality check: “The manpower required for financial crime compliance is a ginormous beast.” He offers a sweet nugget of wisdom:
- • “Build a solid platform and band together—collaboration beats battling on your own.”
Technology’s Promise
Both experts feel that tech can be the silver bullet—boosting accuracy, slashing errors, and eliminating human bias.
- • Teodora stresses: “Trusted, reliable, structured, and deduped data is the whole secret sauce.”
COVID‑19 and the Digital ID Surge
Teodora highlights the pandemic’s shift to digital, noting: “Everyone moved to non‑face‑to‑face services, fueling a boom in digital ID solutions.” Private companies remain the frontline defenders, and now, people are comfortable using digital methods to manage money.
Bottom Line
Key Takeaway: Embrace tech, trust your data, and collaborate—these are the three pillars that can tip the scales against financial crime.
