David McLaughlin is CEO and founder of QuantaVerse, an innovator of data science and artificial intelligence (AI) solutions purpose-built for identifying financial crimes. Mr. McLaughlin spent six years as a naval officer, starting in 1986 as an Ensign in the U.S. Navy and attending flight school in Pensacola, FL. Mr. McLaughlin is a graduate from the highly regarded TOPGUN program, and completed a combat tour in the Persian Gulf where he was awarded the Distinguished Flying Cross and two Air Medals for bravery in combat. Prior to founding QuantaVerse, David held senior executive positions with IPR International, NES Financial and SEI.
What Money Laundering Looks Like in Community Banks Although they generally have smaller compliance teams and budgets, the nation’s community banks face the same arduous compliance challenges as their larger bank counterparts. Artificial intelligence and machine learning solutions can greatly assist community banks by detecting suspicious entities and transactions in an effort to improve regulatory compliance and AML investigation efficiency. According to...
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Using Artificial Intelligence to Minimize Risk Money laundering continues to be a serious concern for financial institutions across the globe, as legacy technologies allow an unacceptable number of illicit transactions to go unidentified. However, many forward-thinking financial institutions have begun working smarter by using artificial intelligence (AI), dramatically improving the effectiveness of their investigations, and enabling them to identify suspicious activity and...
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