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Innovation in Compliance: Jennifer Arnold on optimizing financial crime detection with Minerva | Thomas Fox – Compliance Evangelist

Innovation comes in many forms and compliance professionals must not only be prepared for it, but embrace it. In this episode, Tom Fox visits Jennifer Arnold, an experienced anti-money laundering (AML) professional. Jennifer is the co-founder of Minerva, the sponsor of this episode. Minerva is an innovative investigation and screening platform.

Minerva is an invaluable tool for financial investigators, enabling fast and efficient data collection. Show more +

Innovation comes in many forms and compliance professionals must not only be prepared for it, but embrace it. In this episode, Tom Fox visits Jennifer Arnold, an experienced anti-money laundering (AML) professional. Jennifer is the co-founder of Minerva, the sponsor of this episode. Minerva is an innovative investigation and screening platform.

Minerva is an invaluable tool for financial investigators, enabling fast and efficient data analysis to support informed decision-making. She explains Minerva's ability to search for critical data such as negative media reports and criminal activity, enhancing the investigator's role through automation and speed. By combining the expertise of experienced investigators with advanced data science, Minerva significantly maximizes the effectiveness of AML investigations in today's data-rich environment.

We go into detail about how Minerva integrates AI into its financial crime detection processes. The technology uses simple data aggregation to target relevant data sources and performs entity resolution to obtain a nuanced and accurate view of customers. This approach minimizes false positives, streamlines the work of the Financial Intelligence Unit, and ensures that the information examined is meaningful and accurate.

Key Highlights:

• Introduction to Minerva’s AI integration

• Data aggregation and intelligence

• Entity resolution and context data

• Accurate customer risk assessment

• Reduction of false reports Show less –