White Papers

As risks grow in complexity and intensity, financial institutions need compliance, analysis and review.

Fraud from identity theft, account takeover and creation of new accounts continues to grow and has become a focus for financial institutions and their regulators, with losses estimated at $5 billion a year.

Fraud takes many forms but it’s almost always preventable when an organization has the right policies, procedures and controls securely in place. This paper reviews the origins of fraud and considers best practice prevention.

The USA PATRIOT Act requires risk identification, measurement, monitoring, controlling and reporting. Section 314(a) mandates information sharing between law enforcement agencies and financial institutions through the Financial Crimes Enforcement Network, or FinCEN. This white paper identifies optimal procedures for compliance.

An effective ERM provides management with a system of oversight, control and discipline affecting strategic direction, operations, reporting and compliance using eight dynamic and interdependent components.

Female economic power is being felt throughout the world. Women are increasingly assuming roles in business ownership, executive leadership and government policy. Female economic prowess has risen to new heights, and consumer patterns have shifted, demanding change from government and business institutions.

Healthcare is subject to the simultaneous forces of consumerism and regulation to an unprecedented degree. The patient as consumer, cost pressures and the tenets of meaningful use each demand ubiquitous data availability and nimble data use. The deeply interconnected reality that is modern healthcare is a blend of social media, published assessment, clinical outcomes and consumerism—the ecosystem of everything.

Sharing sensitive data is made possible when critical data can be sanitized, anonymized or removed. Alacer’s Data Cloak transforms sensitive data into a shareable public file and a private file. The private file stays with the data owner and can be re-integrated with the public file after analysis.

Many financial institutions are facing tremendous regulatory challenges due to lack of a comprehensive AML risk assessment program. Alacer’s Business Unit Risk Assessment program can help identify levels of vulnerability to money laundering and risks of terrorist financing.

Summarizes a few interesting uses of big data analysis including Sasquatch sitings, Ford Motors, eHarmony and Lady Gaga.