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HSBC flips crime-spotting tool to scope new business

British bank HSBC has converted a financial crime-spotting algorithm it was forced to build in the wake of a money-laundering scandal into one that can scope out new business opportunities, bank executives said.

HSBC flips crime-spotting tool to scope new business
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  • Shared by KYC360
  • September 30, 2019
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The system combines data on clients’ banking activities, with public data on company ownership and directorships, to flag desirable potential clients to HSBC staff and offer ways to connect to them through existing relationships.

Read more at KYC360

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