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GRA · Financial Crime and Fraud Risk

Spatial financeWhere capital meets hazard, exposure and transition

Technology and emerging practices

Technology relevant to financial stability, cyber and digital resilience and governance and institutions: what it can do, the constraints it faces and its consequences for people and institutions.

02Approach

Evaluate before adopting.

  1. 01

    Need

    Which problem does the technology address, and for whom?

  2. 02

    Evidence

    What has been demonstrated, under what conditions, and what remains untested?

  3. 03

    Constraints

    Cost, skills, infrastructure, data and governance requirements.

  4. 04

    Consequences

    Effects on safety, rights, equity and the environment.

03Change

Changes and questions.

ChangeQuestion
Real-time paymentsHow can scam losses be stopped before funds move on?
AI impersonationHow do controls keep up?
Digital identityDoes it reduce fraud without excluding people?

For each change, Financial Crime and Fraud Risk asks what new dependency, concentration or model risk it creates for AML and fraud teams, and which of FATF, Egmont Group and National authorities has addressed it so far.

04Build and test

From idea to tested capability.

Promising work can be built in Foundry and tested under controlled conditions through Universe. No technology is described as proven before it has been tested and reviewed.

05Sources

Where this page's references lead.

The bodies and documents this page is read against. Status and editions change; each link goes to the issuing body.

06Questions

Questions and answers.

Does the platform endorse products?
No. It evaluates technologies and publishes what it finds, with limits. It does not endorse, certify or recommend products or vendors.
ReportsContribute

Contribute evidence from this page.

Reports is the Consortium's quarterly publication. What you know about this subject can become evidence, a case or a correction in the next edition, credited to you and published under CC BY 4.0 where it is your own work.

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