JHA_HeaderImage_Blog_v2.png

False Positives are Positively Costing You Money

Posted by Tammy Bangs

Dec 12, 2018 11:00:00 AM

 

I visit with a lot of BSA and Risk officers in my role as sales engineer for our financial crimes solutions.  And let me tell you something … I hear a lot about false positives. I have heard folks in our industry call these the bane of their existence. Whether it’s with sanctions screenings, AML, card processing or any other type of fraud, getting too many false positives is a bigger risk for your institution than you may realize.

Read More

Topics: automation, AML, BSA, financial services, digital banking, banks, Credit Unions, Financial Crimes, financial institution

Steps and Missteps (And How to Effectively Refine Your AML Program)

Posted by Tammy Bangs

Mar 30, 2018 11:00:00 AM

 

“Steps and missteps.” That’s how one friend of mine recently described her career in a joking way. As accurate as that brutal assessment was, it hit home with me on my own path. I thought about her comments and how succinctly that describes so many things in work and life. Even in our banks. Even in our compliance programs. About how important it is to assess and make adjustments as needed.

I have not failed. I’ve just found 10,000 ways that didn’t work. ~ Thomas Edison

Read More

Topics: AML, BSA

Subscribe to Email Updates

Recent Posts

Categories

see all