Financial crime is regarded as one of the largest systemic risks to the global economy, with over US$1T of illicit funds in circulation. Issues such as money laundering, tax fraud, bribery & corruption, market abuse and terrorist financing have become the concern of all major global companies and industries. As more than 90% of the data stored is available in electronic format, the demand on data scientists to fight against financial crime activities is increasing. In this talk we will discuss the role of modern technologies and data analytics methodologies to reduce the risk of financial crime activities in company’s business and provide an overview about current trends and solutions in the financial industry.

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This talk is part of a public seminar series organised within the Master in Financial Technology & Computing

Dr. Madan Sathe is currently employed at EY’s Forensic & Integrity Services department as a Director and is heading the forensic data analytics practice in Switzerland. Before joining EY, Madan did his PhD at the University of Basel in the research area of graph algorithms, high performance computing and computational science. At the moment he is doing an eMBA at the ESMT in Berlin with the focus on fraud investigation and business integrity.