The global banking sector has been under close scrutiny because of the crackdown on criminal activities and increasing terrorist threats. Other than financial loss, the lengthy investigation process and reputation damage is a concern to any financial institution.

As cross border transactions and banking become more common, Malaysian financial institutions will need to grapple with regulatory compliance across different markets. According to an international headhunting firm, the demand for such risk management experts are high this year in Malaysia but there is a lack of ready talent.

Can big data analytics play a key role in improving risk management for financial institutions in Asia? How can financial institutions in Malaysia leverage on such technology to improve their risk management process and protect themselves against criminals that are becoming more sophisticated?

We speak to Subhashish Bose, Director of Financial Crime and Collections Solutions, FICO Asia-Pacific to answer all this.

The global banking sector has been under close scrutiny because of the crackdown on criminal activities and increasing terrorist threats. Other than financial loss, the lengthy investigation process and reputation damage is a concern to any financial institution. As cross border transactions and banking become more common, Malaysian financial institutions will need to grapple with regulatory compliance across different markets. According to an international headhunting firm, the demand for such risk management experts are high this year in Malaysia but there is a lack of ready talent. Can big data analytics play a key role in improving risk management for financial institutions in Asia? How can financial institutions in Malaysia leverage on such technology to improve their risk management process and protect themselves against criminals that are becoming more sophisticated? We speak to Subhashish Bose, Director of Financial Crime and Collections Solutions, FICO Asia-Pacific to answer all this.

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