Algorithms lie at the heart of Firco screening solutions. They have been created with and for Fircosoft customers in order to solve broad screening concerns shared by most financial institutions or to cope with specific regional issues. Understanding algorithms is key to understand how Firco Filter is working. This 3-days course will give you an in-depth knowledge on each algorithm within the filter ecosystem. At the end of this course, you will be able to appraise impacts and risks associated to each decision of activation/deactivation.
Reference:
- ALGU1
Duration:
- 3 days
Attendees
- This course is for compliance/business teams in charge of making the decision of algorithm settings.
Pre-requisites
- Having attended FFSU1 course
Material (in English)
- PPT
Objectives
- Get acquainted with the different categories of algorithms
- Understand algorithms’ purpose, expected behavior and impact
- Appraise inter-relationships and dependencies between algorithms and other settings
- Understand why and when to disable algorithms as well as alternatives to deactivation
- Know industry practices regarding deactivation
- Gain confidence in explaining and justifying algorithm settings
Topics
- Algorithms within the filter ecosystem
- Chronology and categories
- Background knowledge per category
- In-depth algorithm presentation (history / primary screening context / related algorithms / dependencies / behavior and impact / examples /context of deactivation /alternatives)
- Combinations of algorithms
- Compliance topics related to algorithms
- Risk assessment grid per screening context
- Algorithm standards within the industry
