1LoD

We are delighted to announce that 1LoD has been acquired by Infopro Digital. Through its brands Risk.net and Chartis Research it is a leading provider of information services to risk management professionals in financial services. With their strength in financial risk and our focus on non-financial risk the two businesses are highly complimentary and we are very excited about the next stage of 1LoD’s expansion.

Banks must take the initiative and engage with regulators, providing robust evidence and comprehensive model risk-management frameworks to ensure that regulators are comfortable with their use of AI and phasing out of legacy lexicons. To read the annual report and gain insights, please visit the link in the comments. 📍 Comms Surveillance Deep Dive 📖 Sponsored by PwC #CommsSurveillance #DeepDive #1LoD

Why are banks undertaking de-risking as part of their strategy?  To what extent is the termination of account relationships forcing entities into less regulated or unregulated channels? How are banks managing the reputational risk considerations when off-boarding clients deemed too high-risk? Hear the panel discussion at The Financial Crime Summit – London: The Unintended Consequences of a Risk-Based Approach (RBA)? The Problem of De-Risking featuring: - Nigel Kirby, Director of Integrated Intelligence & Investigations and Nominated Officer Economic Crime Prevention, Risk Function, Lloyds Banking Group - Luke Fothergill, Managing Director, International Head of AML and UK SMF17, Citi - Graham Bailey, Chief Operating Officer, Quantifind - Yaron Hazan, Vice President, Regulatory Affairs, ThetaRay - Moderated by: Mark Carawan, Former Chief Compliance Officer, Citi, and Senior Advisor, 1LoD 📍The Financial Crime Summit - London - Strengthening Financial Crime Risk Management through Innovation, Collaboration, and Technology 📆 5 September 2024 #1LoD #FinancialCrime #FinCrimeSummitLDN

Any end-of-life or out-of-support operating systems represent a serious security risk. They will be unpatched against new threats, exposing the bank to the possibility of the loss or intentional corruption or exposure of extremely sensitive data. Running and maintaining multiple legacy systems, especially those close to expiration, is expensive. Instead, banks should turn these off and move to a single platform. To learn more, you can read our in-Depth report, commissioned by Business Systems: The biggest risk in voice surveillance isn't surveillance. 📖 The in-Depth report provides supplementary data from The 2024 Surveillance Benchmarking Survey & Report, zooming into the question: 'Do you anticipate buying technologies to support your Voice Surveillance in the next 3 years?'. #surveillance #compliance #benchmarking #surveillancereport

Across the two days of the annual virtual AsiaPac Surveillance Deep Dive, 1LoD brought together senior surveillance leaders who found that: - A hybrid approach, blending global standards with local considerations, ensures that compliance measures are tailored to specific regulatory demands while maintaining overall alignment with global policies - Banks must continue to invest in technology, engage with regulators and industry groups to stay informed about potential regulatory changes, incorporating these insights into their compliance strategies so that their surveillance functions are current - Banks must focus on embedding a culture of compliance through regular training, clear policy communication, and a balance of rewards for good behaviour and consequences for policy violations to encourage the use of approved communication channels To read the annual report and gain insights, please visit the link in the comments. 📍 AsiaPac Surveillance Deep Dive 📖 Sponsored by Eventus and OneMarketData #AsiaPacSurveillance #Surveillance #1LoD

🔎 Have you spotted our Financial Crime Summit - London ambassadors in the City of London today? If not, don't worry, you can also catch them tomorrow and Thursday, waiting to give you your special discount to attend The Financial Crime Summit - London on the 5 September. 📍The Financial Crime Summit - London - Strengthening Financial Crime Risk Management through Innovation, Collaboration, and Technology 📆 5 September 2024 #1LoD #FinancialCrime #FinCrimeSummitLDN

Hear from 1LoD's Shaun Mackenzie, Account Director, on why you should sponsor The Financial Crime Summit - London on the 5 September. Join the industry leading consultants and technology solution providers who will be joining senior practitioners from the world’s leading banks and other financial institutions to discuss the future of combatting financial crime. 📍The Financial Crime Summit - London - Strengthening Financial Crime Risk Management through Innovation, Collaboration, and Technology 📆 5 September 2024 #1LoD #FinancialCrime #FinCrimeSummitLDN

Please give a warm welcome to our sponsors of The Financial Crime Summit - London who are bringing their expertise and enthusiasm to make this event a success. Thank you to our: Lead Sponsors: Deloitte, NICE Actimize, SymphonyAI Co-Sponsor: Ping Identity Associate Sponsors: Dow Jones Risk & Compliance, Encompass Corporation, FinScan, GSS - Global Screening Services, Quantifind, Ripjar, ThetaRay, WorkFusion Exhibitors: Hummingbird, Lucinity These industry leading consultants and technology solution providers will be joining senior practitioners from the world’s leading banks and other financial institutions to discuss the future of combatting financial crime. If you’re interested in becoming involved, please contact Andrew Lennon, Director, Head of Business Development, 1LoD. 📍The Financial Crime Summit - London - Strengthening Financial Crime Risk Management through Innovation, Collaboration, and Technology 📆 5 September 2024 #1LoD #FinancialCrime #FinCrimeSummitLDN

The 2024 Surveillance Benchmarking Survey & Report found that 83% of banks anticipate buying technologies to support their e-comms surveillance in the next 3 years. “I sometimes think comms is a never-ending investment stream but we haven’t yet necessarily got a lot out of that investment as an industry,” says one participant. “I mean, how much have we really found? I’m hoping that this investment cycle will yield more.” To download and read the full report, please check the link in the comments. The report is sponsored by: Lead Sponsors: Smarsh, Business Systems Co-Sponsors: Bloomberg, b-next group, Eventus, LeapXpert, MCO (MyComplianceOffice)