Welcome to Nordic Fintech Magazine’s AML and Fincrime Deep Dive! Today we are taking a plunge into the exciting and fast paced world of anti-money laundering (AML) and financial crime prevention. For years AML has been thought of a necessary evil that businesses must endure, but what if we told you that it could also be a competitive advantage? That’s right, preventing financial crime could be the key differentiator that sets companies apart from their competitors.
To shed more light on this topic, we had the pleasure of speaking with Alex Pinot, co-founder and head of innovation at AMLYze, a Lithuanian company using AI, machine learning, and exponential technology to combat financial crime. With his background as a former compliance officer and an impressive lineup of co-founders with expertise in regulation, AML, compliance, and technical skills, Alex has a unique perspective on this complex issue. In this interview, we explore a range of topics, from the challenge of false positives, to the surprising ways that financial crime can lurk in unexpected places, like digital assets in video games. Join us as we discover how the right balance of technology, compliance expertise, and regulation can turn AML and financial crime prevention into the next competitive frontier for fintechs and financial institutions.
