Development of Financial Intelligence Technologies as FinTech Industry Element

Authors

  • Chikhanchin Y.A. 1 PhD in Economics, Honored Economist of the Russian Federation, Director of Federal Financial Monitoring Service. National Research Nuclear University MEPhI (Moscow Engineering Physics Institute), Kashirskoe shosse 31, Moscow, 115409

DOI:

https://doi.org/10.18502/kss.v3i2.1535

Abstract

The article covers the key approaches to definition of such terms as financial and regulative technologies (FinTech and RegTech). Among them we can distinguish blockchain, cryptocurrencies and electronic payment services, methods of remote customer identification and elaboration of their financial behavior profiles. However, it should be noted that new technologies carry a number of financial risks primarily related to cybercrime. It complicates the financial monitoring experts’ work. One of the measures, designed to respond to emerging threats, the author considers the training system of highly qualified personnel and research in the AML/CFT area. The article gives a brief overview of this field’s evolution in the Eurasian region.

References

THE FATF laundering and combating the financing of terrorism and RECOMMENDATIONS. The international anti-money proliferation http://www.fatf gafi.org/publications/fatfrecommendations/documents/fatf-recommendations.html

Program «Digital Economics of the Russian Federation» [Electronic resource]. URL: http://static.government.ru/media/files/ 9gFM4FHj4PsB79I5v7yLVuPgu4bvR7M0.pdf (AML/CFT) standards. [Electronic resource]. URL:

[Electronic resource]. URL: https://www.rbc.ru/technology_and_media/11/07/ 2017/596373db9a79471158fa3188

Downloads

Published

2018-02-15

How to Cite

Y.A., C. (2018). Development of Financial Intelligence Technologies as FinTech Industry Element. KnE Social Sciences, 3(2), 139–145. https://doi.org/10.18502/kss.v3i2.1535

Issue

III Network AML/CFT Institute International Scientific and Research Conference "FinTech and RegTech"

Section

Articles