Pneuron CEO to Address Bank Secrecy Act (BSA) Challenges Facing Banks

NEW YORK, NY--(Marketwired - Aug 31, 2016) - Pneuron, a leader in business orchestration software, today announced its CEO Simon Moss will join a panel hosted by The Knowledge Group to deliver the webcast, "Critical Steps to Keep your BSA Program Current." The two-hour event will be held on Wednesday, September 14, from 3:00 pm - 5:00 pm ET. Other panelists include Nancy E. Lake, CAMS-Audit, CAMS-FCI, Director of Compliance Anchor for Atlantic Community Bankers Bank, and Patricia A. Rodriguez-Autore, MS Senior Manager, BSA/AML Analyst, for Pentagon Federal Credit Union. To register for this event, please click here or visit: https://theknowledgegroup.org/event-homepage/?event_id=2100

The creativity of modern money launderers, whose talent at exploiting fragmentation and opacity in both the market and within an individual financial institution, is increasingly challenging the effectiveness of investments being made in AML and BSA programs.

The Bank Secrecy Act (BSA) has caused dramatic operational change. Its objective and the substantial financial scrutiny on the ongoing cost of compliance and the draconian impacts of non-compliance have remained largely the same. However, the market and environment the BSA Officer operates in has changed markedly in the last few years. As a result, the execution and effective management of the BSA program needs to constantly evolve and align as the market, its adversaries and the financial institution change.

In this Knowledge Group Section live webcast, a panel of distinguished professionals will help you understand the most critical issues facing the BSA team that include:

• An overview of pressures facing BSA teams
• The 4 actions to take to improve the cost, return and transparency of any BSA program
• Key tips to keep pace with growing volume of alerts, emerging threats and increasing regulation
• Mini-case studies of how several global banks are transforming their BSA program with the use of modern technology -- halving cost, but doubling speed and agility
• Advice for regulators working with banks to improve their BSA programs

The live webcast will provide BSA Officers, BSA teams and Regulators with a comprehensive overview of modern-day BSA programs and the tools needed to optimize them.

About Pneuron

Founded in 2010, Pneuron's proprietary business orchestration software enables organizations to run distributed 'pneurons' that leverage their existing applications, infrastructure, services and data to create and deliver actionable intelligence -- in half the time and cost. Through Pneuron's innovative, distributed approach, companies are no longer faced with the complex centralization and integration requirements of traditional approaches. Pneuron and its patented groundbreaking technology have garnered numerous awards and recognitions including: MIT Sloan School CIO Enterprise Innovator Award, 2015 Gartner Cool Vendor, CRN's 2015 Emerging Vendors designation and SD Times Company to Watch. For more information, visit us online at: pneuron.com, on Twitter or LinkedIn.