Cloud, Compliance and Complexity: Navigating Outsourcing and AI Risk in APAC Financial Crime Systems

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Overview:

As APAC financial institutions modernise their financial crime infrastructure, the shift to cloud-native systems introduces new efficiencies — and new regulatory scrutiny.

This webinar explores how institutions can meet evolving expectations around material outsourcing, cloud risk, and AI integration, while enhancing transaction monitoring capabilities.

Key Themes:

• Material Outsourcing and Cloud Risk: Explore the operational, compliance, and supervisory challenges financial institutions face when outsourcing critical functions to cloud-based environments. The discussion will include regulatory definitions of materiality, risk assessment obligations, and jurisdictional differences across APAC.

• Threat Landscape and Legacy Limitations: Assess how legacy on-premise systems are struggling to keep pace with increasingly complex financial crime typologies, and how cloud-native platforms offer scalable, adaptive alternatives.

• AI Integration and Algorithmic Oversight: Examine how AI-powered analytics are reshaping transaction monitoring, and how regulators are responding to the use of opaque algorithms in financial crime detection. Topics will include governance frameworks, model risk management, and transparency expectations.

• Strategic Migration and Vendor Governance: Review best practices for transitioning financial crime systems to cloud environments, including project governance, change management, and contractual safeguards. Emphasis will be placed on third-party risk management and data residency compliance.

• Ecosystem Collaboration and Intelligence Sharing: Discuss how cloud adoption enables broader collaboration across institutions, regulators, and vendors – including opportunities for consolidated analytics and shared threat intelligence.