Fighting Financial Crime with Science: Giant Oak CEO Gary Shiffman
Publisher |
Jo Ann Barefoot
Media Type |
audio
Podknife tags |
Business
Fintech
Interview
Payments
Technology
Categories Via RSS |
Business
Technology
Publication Date |
Jun 11, 2019
Episode Duration |
01:00:29

We know that the money launderers are winning. We know that law enforcement is losing. By now, you’ve probably heard the UN’s statistics on this, that we catch less than 1% of these crimes, which add up to an estimated $1.6 trillion a year. At the heart of this problem is asymmetrical technology. The bad guys have sophisticated, networked, rapidly improving technologies, and the good guys are stuck in the past.

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