Highlights from Solytics Partners' Asia AML Conclave - Mumbai 2025: Revolutionizing AML Compliance Through Innovation

Recap - Revolutionizing AML Compliance: Highlights from Solytics Partners’ Asia AML Conclave - Mumbai 2025

The Asia AML Conclave - Mumbai 2025, hosted by Solytics Partners, brought together over 100+ industry leaders and experts from banking, fintech, insurance, crypto, and investment sectors. This groundbreaking event served as a platform to explore innovative strategies, technological advancements, and best practices to address challenges in AML compliance and financial crime prevention. The conclave featured thought-provoking panel discussions, expert insights, and case studies that emphasized actionable solutions for the evolving AML landscape.

Panel 1: AI-Powered Name Screening: Tackling Sanctions Risks and Reducing False Positives

Moderated by Mr. Charanjeet Singh, Director of C S Risk Consulting, this panel brought together industry leaders to explore the transformative impact of AI on sanctions compliance. The discussion delved into innovative approaches to tackle false positives, leverage contextual data, and meet regulatory expectations, paving the way for more efficient and accurate name screening practices.

Arjun Vijay (Founder and COO, Giottus): Arjun highlighted the unique challenges faced by crypto exchanges, such as handling high transaction volumes and peer-to-peer structures. He discussed how Giottus leverages AI-powered name screening to significantly reduce false positives and enhance efficiency, particularly in the complex global regulatory environment of crypto transactions.

Mushir Killedar (Country Manager, Risk & Compliance, Wahed Invest): Mushir shared insights into the challenges of operating across multiple jurisdictions and the tangible benefits of AI-driven screening in reducing inefficiencies. He emphasized the need to align AI processes with diverse regulatory frameworks, particularly as Wahed Invest prepares to launch in India.‍

Darshit Sheth (CCO, GIC Housing Finance): Darshit focused on the retail challenges in housing finance and how AI has demonstrated tangible reductions in false positives. He also provided insights into RBI's expectations for compliance and the potential for AI to complement traditional systems.

Sameer Karekatte (CCO, Zuno General Insurance): Sameer discussed the diverse customer base and high transaction volumes in general insurance. He shared examples of AI's impact in improving compliance processes and reducing false positives, while emphasizing IRDAI guidelines for maintaining compliance.

Guneshwor Singh Laitonjam (CCO & MLRO, Briskpe India): Guna elaborated on the challenges in cross-border payments, including varied data standards. He highlighted AI's efficiency in managing false positives and shared a vision for AI as a core engine in compliance, working alongside rule-based systems.

Panel 2: Transforming Transaction Monitoring: Moving Beyond Rules to Adaptive Monitoring

Mr. V Prakash, Senior Advisor at Solytics Partners, led a dynamic discussion on adaptive transaction monitoring. The panelists examined the shift from rule-based systems to behavior-driven intelligence, emphasizing unified platforms, real-time analytics, and empowering business users to create agile and effective detection frameworks for financial crime.

Shafath Mujawar (Group CCO, Wahed Invest): Shafath outlined the challenges of moving beyond traditional monitoring and emphasized the benefits of adaptive intelligence in detecting evolving typologies across markets. He stressed the importance of low-code/no-code interfaces for empowering compliance teams.

Prithwiraj Sengupta (SVP Compliance, HDFC Life): Prithwiraj discussed the limitations of legacy systems in detecting sophisticated frauds and highlighted the transformative potential of adaptive monitoring for the insurance sector.

Aditya Shinkhede (MLRO, Revolut India): Aditya shared his global experience, focusing on behavior-based monitoring and the integration of AML and fraud systems. He emphasized the importance of empowering business users to adapt detection logic for evolving risks.

Himanshu Patel (Principal Officer, ICICI Bank, GIFT City): Himanshu highlighted the unique challenges in transaction monitoring within the IFSCA regulatory framework. He emphasized the need for adaptive monitoring to manage sophisticated cross-border financial structures.

Shalini Venkateswaran (Head of FCC, Solytics Partners): Shalini provided a comprehensive view of industry challenges, from detecting complex typologies to breaking silos between AML and fraud monitoring. She underscored the importance of agile frameworks enabled by low-code/no-code systems.

Keynote Session by Sunil Kavishwar

Sunil Kavishwar, a seasoned AML leader, delivered an insightful keynote highlighting the future of AML compliance in Asia. Key themes included the increasing role of real-time data analytics, integrated approaches to financial crime prevention, and actionable strategies to enhance regulatory resilience. His talk provided practical solutions for leveraging technology to combat sophisticated financial crimes.

Conclusion and Thank You

The Solytics Partners’ Asia AML Conclave concluded with a heartfelt thank you to all participants, panelists, and attendees for their valuable contributions. The event underscored the importance of collaboration, innovation, and shared knowledge in advancing AML compliance and combating financial crime.