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Elevate Your Skills

Fintelekt AML/CFT 13th Annual Summit (India) 2024

5 December 2024
8.00 am to 5.30 pm
Sofitel, Bandra Kurla Complex, Mumbai

Registrations are now closed for this Summit.

Fintelekt’s much awaited and much-loved AML/CFT Annual Summit is back!

As the best-attended AML/CFT event in the country, our summit is the premier gathering for professionals in the fields of anti-money laundering (AML) and combating the financing of terrorism (CFT). This year’s summit will convene industry leaders, regulatory authorities, and experts to discuss the most pressing issues and advancements in the domain.

Participants will have the unique opportunity to gain insights into the latest trends, regulatory updates, technology developments and best practices, while also networking with peers and thought leaders.

Recap

To download a recap of the summit, please visit the following page:

https://fintelekt.com/fintelekt-aml-cft-13th-annual-summit-india-2024-recap/

Agenda

8.00 am - 9.00 am

Registration

9.00 am - 9.15 am

Opening Remarks
Shirish Pathak
Managing Director,
Fintelekt
Vikas Tandon
Trainer,
Fintelekt

9.15 am to 10.15 am

Keynote Address
Mr Rajarshi Kumar
Additional Director, Financial Intelligence Unit India (FIU-IND)

10.15 am to 11.15 am

Panel Discussion
Customer Due Diligence

The opening panel will delve into contemporary and compelling issues in customer due diligence, including new and emerging threats and the transformative role of technology. Panelists will debate the role and future of traditional financial institutions and provide insights on enhancing due diligence in today’s complex financial landscape.

Moderator and Panelists:

Charan Rawat
Trainer,
Fintelekt
(Moderator)
Neeraj Dinesh Rana
ED, Head - Financial Crimes & Sec. Services, Principal Officer, DBS Bank
Abhishek Bali
CEO and Co-Founder,
ZIGRAM
Theresa Karunakaran​
Trainer
Fintelekt
Chandana Seshadri​
Research Analyst, Royal United Services Institute (RUSI)

11.15 am to 11.45 am

Networking and Refreshments Break

11.45 am to 1.00 pm

Panel Discussion
Transaction Monitoring and Reporting

Join our expert panelists as they revisit the basics of transaction monitoring: the application of a risk-based approach and managing false positives, in the context of the dynamic and real-time financial services environment. They will also discuss the feasibility and importance of information sharing and partnerships to improve the effectiveness of the AML/CFT ecosystem.

Moderator and Panelists:

Pramod Khandelwal
Trainer,
Fintelekt
Moderator
Beena Suzanne Thomas
Head – AML Monitoring Department, Federal Bank
Nihal Shah
Director Citi South Asia Cluster AML Head, Citibank
Subhashini Iyer
Chief Operating Officer, Quantum Data Engines (QDE)
Jyothi N M
Head of Compliance & AML, Billdesk
Prashant Sinha
Group Principal Officer, Jio Financial Services
Arti Shekhar
Senior EVP and Chief Compliance Officer, Kotak Mahindra Prime
Rakhee Sengupta
Principal Officer & MLRO, ICICI Bank

1.00 pm to 2.00 pm

Lunch

2.00 pm to 3.00 pm

Panel Discussion
Fraud and Cyber Crime

The panel will explore the evolving landscape of financial fraud and cyber threats, the latest trends, strategies, and technologies used to combat these crimes. They will provide insights on bolstering organisational defences and the critical role of collaboration within the organisation.

Moderator and Panelists:

Harshit Baxi
Trainer,
Fintelekt
Moderator
Ritu Verma
Head of Compliance,
PayGlocal
Uma Venkataraman
CEO & Co-Founder, Ixsight Technologies
Pradipto Sen
Trainer
Fintelekt
Swamy DY
Head – KYC & AML & Senior Vice President, Compliance Department, RBL Bank

3.00 pm to 4.00 pm

Panel Discussion
AML/CFT Risks in Digital Payments

The panel will focus on the unique challenges and opportunities presented by the rapid growth of the digital payments ecosystem. Industry practitioners will analyse the evolving AML/CFT risks associated with digital transactions, highlight innovative approaches to risk mitigation and provide critical insights into enhancing compliance frameworks.

Moderator and Panelists:

Sagar Gandhi
Director – Compliance (Lending & Payments), Groww
Moderator
Aashish Pathak
Senior Vice President – Chief Compliance Officer & Principal Officer, Fino Payments Bank
Manish Bajpai
Executive Vice President Risk & Compliance, Pine Labs
Amruta Raje
Director - Solutions QDE and Founder, Navigate Consulting
Chandrasekhar Thorati
Senior Director - Risk Management & Principal Officer, Razorpay

4.00 pm to 4.15 pm

Networking and Refreshments Break

4.15 pm to 5.15 pm

Panel Discussion
AML/CFT Compliance Priorities for 2025

In the final panel for the day, panelists will discuss AML/CFT compliance issues that the country as a whole should focus on in the coming year and highlight various aspects that play an integral role in strengthening the ecosystem – such as robust risk assessments, collaboration, technology, training and bringing in global best practices.

Moderator and Panelists:

Vikas Tandon
Trainer,
Fintelekt
Moderator
Ramachander S.S.R. Eranki
Former Head of AML/CFT, International Financial Services Centres Authority
Jairam Manglani
Country Financial Crimes Compliance Head & MLRO, Standard Chartered Bank
Deepak Mehta
Partner
Solytics Partners
Darshit Sheth
Chief Compliance Officer, GIC Housing Finance Limited
Dr Srinivas Yanamandra
Group Head - Regulatory Affairs & Policy, Paytm
Akshay Surana
Sr. Risk Manager,
Amazon Pay

5.15 pm

Valedictory Speech
Pankaj Kumar Mishra
Member (Finance), Atomic Energy Commission

5.45 pm

Closing Remarks
Arpita Bedekar
Chief Operating Officer, Fintelekt

Registration

Registrations for this Summit are now closed.

Partners

Panel Partners

Over the past 13+ years, Quantum Data Engines (QDE) has built suites of products that leverage powerful algorithms (ML and Al) that parse banking data to detect patterns and aid faster business-critical decision-making.

QDE’s impact reverberates across borders, currently serving banks in 14 countries. Processing over 1 billion transactions daily, our products are the cornerstone of operational excellence, providing an unprecedented advantage in the fast-paced world of BFSI.

QDE understands the needs of banking and financial institutions, especially the nuances and differences in various global markets, and has crafted robust solutions tailored across three critical areas.

ZIGRAM is a RegTech (Regulatory Technology) organization with a focus on anti-money laundering (AML), financial crime compliance (FCC) and emerging risk areas. We are one of the few providers of the entire RegTech stack (Data, Technology and Services) for our users, partners and customers. Our products are created to serve AML, FCC and risk use cases and are designed to be digital first, self-serve, low friction and with bundled flexibility. Our vision is ‘To hypercharge accessibility to RegTech solutions powered by Data Assets in deep partnership with clients, providers & users’.

Ixsight Technologies focuses on Deep-Tech and End-User Centric IP-based products designed to mitigate onboarding risks, prevent money laundering, ensure regulatory compliance, manage fraud, and enhance advanced KYC screening processes. With a steadfast commitment to ongoing innovation and a keen understanding of end-user requirements, Ixsight has positioned itself as a leader in addressing the complex and vast data landscape in India, serving major registries, bureaus, and the financial industry. The company was among the pioneers in adopting artificial intelligence and natural language processing, seamlessly incorporating these technologies into its solutions.

AML Complai offers a robust platform for comprehensive anti-money laundering checks throughout the entire customer journey, screening against over hundreds of local and global lists, while providing real-time KYC and alert monitoring. Additionally, Deduplix, another cutting-edge solution from Ixsight, delivers a range of micro-services for fraud screening, face matching, and group exposure metrics. The Deduplix Engine continuously monitors 2 million records against 1 billion records in real-time across the nation, supporting the CERSAI-CKYC initiative.

Solytics Partners is a global RiskTech100 analytics firm specializing in transforming AML/FCC, Risk, and Data Analytics functions for financial institutions. Our expertise spans transaction monitoring, sanctions screening, alert prioritization, customer segmentation, and model validation for AML/Fraud. With a unique approach to “accelerated services delivery” and “advanced technology solutions,” we empower financial institutions across the US, Europe, MENA, South Africa, and APAC to meet evolving regulatory requirements and strengthen risk management. Leveraging deep domain knowledge and global experience, we help our client’s future-proof their compliance and risk frameworks while enhancing operational efficiency.

Display Partner

A technology solution company which is focused on fighting financial crime and simplifying operations through its product platform Screenzaa & TrackWizz.

Backed by a dedicated team of over 500+ professionals, TSS Consultancy serves more than 350 institutions.

We invite technology providers, consulting firms and other service providers to explore partnership opportunities. Why should you consider partnering with this summit?

  • Build thought leadership with the target audience by speaking on your area of expertise
  • Build new relationships and deepen the existing ones with clients, decision makers and influencers
  • Enhance your sales pipeline in banking, financial services, insurance, regulatory and other reporting sectors
  • Showcase your brand, product and solutions in front of a highly relevant and targeted audience

To know more, submit your details here and we will contact you:

Contact Us

For more information, please contact:

Oliver Dickson
Vice President – Sales​
+91 93700 78917 / +91 98231 88864​
oliver@fintelekt.com

2023 Summit Snippets

To watch more clips from last year’s summit, please visit our YouTube Channel by clicking https://www.youtube.com/playlist?list=PL-kNcqp7y0DZFvRhlBtmKPN8Y9aeXqh6o

This is a staging enviroment

Key Discussion Points

Customer Due Diligence

  • What are the latest and most pertinent issues in due diligence?
  • The value of biometrics in controlling Identity thefts
  • Best practices to deal with deepfakes in video KYC
  • How efficient is CDD and transaction monitoring interface in identifying money mules?
  • The benefits of choosing CKYC as the base, instead of full KYC
  • Source of Income and Source of Wealth checks within KYC
  • ⁠Should we ask: why do you want to bank with me?

Key Discussion Points

Transaction Monitoring and Reporting

  • Adopting a risk-based approach in transaction monitoring
  • Batch and real-time monitoring/ first-line and AML team monitoring
  • Managing false positives and preventing false negatives
  • Threshold and scenario/ pattern-based monitoring
  • Attempted transactions: capturing and monitoring
  • Improving effectiveness: AI/ML, RPA, Blockchain
  • Report generation/ compilation automation
  • Building customer profile for transaction monitoring
  • The feasibility and utility of sharing information amongst reporting entities
  • ARIFAC and FPAC – Contribution to systemic effectiveness

Key Discussion Points

Fraud and Cyber Crime

  • Suggested approaches or best practices for fraud risk & AML risk management through an integrated approach
  • ⁠The changing landscape of cybersecurity and emerging threat actors
  • ⁠How can an organisation transform from cyber security to cyber resiliency to turn it into a competitive advantage
  • ⁠The need for common global network & cooperation on cybersecurity front
  • Availability of Insurance as risk transfer mechanism for managing fraud & cyber risks & best practices
  • ⁠How best to increase training / awareness / education for fraud / cybersecurity

Key Discussion Points

AML/CFT Risks in Digital Payments

  • New and evolving AML / CFT cases and typologies in digital payments
  • Emerging risks through use of Digital channels and Products like UPI, Payout accounts, Domestic remittances etc
  • Red flags in Merchant Due Diligence & the need for more and more robust KYC processes

Key Discussion Points

AML/CFT Compliance Priorities for 2025

  • Public Private Partnership proposition
  • Global compliance standards and cross border data management
  • Payment gateways and KYC management
  • Improving the understanding of ML/TF risks and strengthening internal risk assessments
  • Increasing cyber frauds and methodologies
  • Role of AI in alert monitoring
  • Awareness and training towards trade-based laundering
  • Cross border remittances and FATCA reporting / management