Topic 1: Regulatory Compliance 💼
🚨 Detecting Fraud, Risk Management, and Customer Identity Verification (KYC)
🛡️ Sanctions Regimes (Sanctions) and Anti-Money Laundering (AML) for Virtual Currencies & Prepaid Cards
🔍 AI-powered Data Cleansing and Surveillance Systems to Identify Suspicious Activities
Fraud Prevention: 🚫
🔍 Improves Detection Accuracy
🌐 Increases Flexibility and Scalability
🔒 Enhances Security
💰 Reduces Cost of Operation
Predict Anomalies in Real-Time: 🕰️
🧭 Create a Holistic Picture of Customers
🚨 Better Predict Transaction Anomalies
Protect Data: 🔒
📜 Ensure Regulatory Compliance
🔐 Industry-Leading Encryption, Access Controls, and Data Protection Protocols
Change Streams: 🔄
👀 Monitoring Database Changes in Real-Time
Operational Data Store (ODS): 🗃️
💾 Handle Large Amounts of Data
🚀 Capture, Store, and Process High-Volume Transactional Data in Real-Time
Regulatory Compliance: 📜
💳 Payment Card Industry Data Security Standard (PCI)
🌍 General Data Protection Regulation (GDPR)
🔑 California Consumer Privacy Act (CCPA)
💳 Payment Services Directive 2 (PSD2)
🌳 Sustainable Finance Disclosure Regulation (SFDR)
🔑 Role-Based Authorization Controls
🗺️ Geospatial & Network Graph Analytics
🌍 Identify Physical Risks Associated with Climate Change (e.g., Floods, Wildfires)
🔮 Predictive Approach to Understand Intricate Patterns
🔒 Topic 2: Zero Trust 🔑
Zero Trust: 🕸️
🔒 Cybersecurity Approach
🔐 Limit Users’ Opportunities to Compromise Security
🚫 Limited Connectivity to the Internet
👤 Robust Authentication for All Users
🔒 Strictly Limit Access to Data
🔐 Encrypt Data
🔑 All Actions Must Pass Through User Authorizations
✅ Allow Users to Authenticate Themselves
Security by Default: 🔒
🌐 Configure IP Access Lists
🔑 Allow Attempts to Authenticate to Database
Auditing Capabilities: 🔍
👀 Track Suspicious or Unexpected Behavior by Event, User, or Role
Reference:
https://www.mongodb.com/solutions/industries/financial-services/fraud-prevention
Fraud Prevention with MongoDB
https://www.mongodb.com/library/financial-services/powering-innovation-fin-serv-ai?lb-mode=overlay
Powering Innovation in Financial Services with Artificial Intelligence
MongoDB: Capabilities for Use in a Zero Trust Environment
https://www.mongodb.com/library/financial-services/wp-mongodb-capabilities-for-use-zero-trust-environment?lb-mode=overlay
Editor
Danny Chan, specialty of FSI and Serverless
Kenny Chan, specialty of FSI and Machine Learning
