Is inter-bank collusion really that untraceable?
Introduction
Over the past few months, eComms became a necessity and an imperative for business continuity. The challenge for financial firms is that many of these eComms solutions fall outside the compliance surveillance operations.
A step forward with Symphony
Conversations are now secure and captured with tech solutions such as Symphony (A Shield Partner). Such solutions were designed for banks and readily enable quotes and trades directly within the platform.
The Panoramic view Concept of Surveillance Advancing technology forward in innovative ways Advancing technology forwardproblems in innovative ways to creatively solve complex is what to creatively solve complex problems is Here, what software developers and companies do. software developers(AI) andiscompanies do. Here, artificial intelligence particularly useful and artificial intelligence (AI) is particularly valuable if fully leveraged useful and valuable if fully leveraged
The Future of Proactive Surveillance
For nearly a decade, banks have been incorporating integrated, proactive surveillance into their daily operations. Beyond active video monitoring the actions and behaviors of staff, behind-the-scenes digital monitoring has also been gaining traction – at least for the past couple of years.
Conclusion spikes in activity between banks with respect to eComms and changes in engagement patterns around specific trades or activities can now easily be detected. Additionally, connections can soon be drawn between conversations and market activity on a real-time, ondemand basis which will go a long way towards thwarting interbank trading and collusion.
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