AML: Staying the Course to Operational ResilienceDavid Stewart and Paul Franks of SAS on Response to New Digital Risks
The accelerated consumption of digitized services has not only changed the banking landscape - it has affected anti-money laundering risks and defenses. David Stewart and Paul Franks of SAS weigh in on emerging risks, defenses and shifts in the AML compliance landscape.
In this video interview with Information Security Media Group, Stewart and Franks discuss:
- The new compliance landscape;
- Emerging risks;
- Tools and technologies to enable faster, more effective response.
Stewart leads strategy development, guides product management and provides key marketing counsel for fraud and compliance solutions worldwide. In addition to working closely with many of the world's leading financial institutions and regulatory agencies, he collaborates with SAS research and development and delivery teams to deploy industry best practices for financial crimes solutions. Stewart leads a team of global subject matter experts with industry experience in preventing fraud and managing financial crimes risk. During the past 15 years, he has hosted SAS' annual Counterterrorism and Financial Crimes Forum co-sponsored by the U.S. Department of Justice and a number of global financial institutions.
Franks has over 30 years of professional and commercial experience in financial services, covering banking, insurance and wealth management. He is a former partner at Deloitte and Ernst & Young. As director of financial services for SAS Australia and New Zealand, he is responsible for sales and industry strategies for banking customers and risk management solutions and is a member of the Global Banking Council for SAS. He is a Chartered Accountant, Fellow of FINSIA and a certified finance and treasury professional. During his time at SAS, he has been executive sponsor for several of its largest Australia and New Zealand financial services customers, including overseeing major sales and technology solution delivery initiatives in risk management and regulatory compliance for banking and insurance clients.