Topic 1: Regulatory Compliance ๐ผ
- ๐จ Detecting Fraud, Risk Management, and Customer Identity Verification (KYC)
- ๐ก๏ธ Sanctions Regimes (Sanctions) and Anti-Money Laundering (AML) for Virtual Currencies & Prepaid Cards
- ๐ AI-powered Data Cleansing and Surveillance Systems to Identify Suspicious Activities
Fraud Prevention: ๐ซ
- ๐ Improves Detection Accuracy
- ๐ Increases Flexibility and Scalability
- ๐ Enhances Security
- ๐ฐ Reduces Cost of Operation
Predict Anomalies in Real-Time: ๐ฐ๏ธ
- ๐งญ Create a Holistic Picture of Customers
- ๐จ Better Predict Transaction Anomalies
Protect Data: ๐
- ๐ Ensure Regulatory Compliance
- ๐ Industry-Leading Encryption, Access Controls, and Data Protection Protocols
Change Streams: ๐
- ๐ Monitoring Database Changes in Real-Time
Operational Data Store (ODS): ๐๏ธ
- ๐พ Handle Large Amounts of Data
- ๐ Capture, Store, and Process High-Volume Transactional Data in Real-Time
Regulatory Compliance: ๐
- ๐ณ Payment Card Industry Data Security Standard (PCI)
- ๐ General Data Protection Regulation (GDPR)
- ๐ California Consumer Privacy Act (CCPA)
- ๐ณ Payment Services Directive 2 (PSD2)
- ๐ณ Sustainable Finance Disclosure Regulation (SFDR)
- ๐ Role-Based Authorization Controls
- ๐บ๏ธ Geospatial & Network Graph Analytics
- ๐ Identify Physical Risks Associated with Climate Change (e.g., Floods, Wildfires)
- ๐ฎ Predictive Approach to Understand Intricate Patterns
๐ Topic 2: Zero Trust ๐
Zero Trust: ๐ธ๏ธ
- ๐ Cybersecurity Approach
- ๐ Limit Users' Opportunities to Compromise Security
- ๐ซ Limited Connectivity to the Internet
- ๐ค Robust Authentication for All Users
- ๐ Strictly Limit Access to Data
- ๐ Encrypt Data
- ๐ All Actions Must Pass Through User Authorizations
- โ Allow Users to Authenticate Themselves
Security by Default: ๐
- ๐ Configure IP Access Lists
- ๐ Allow Attempts to Authenticate to Database
Auditing Capabilities: ๐
- ๐ 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
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