Read our takeaways from Compliance day by Trapets - from data to action.
Compliance teams aren’t short on data. The real challenge is making that data useful enough to stop financial crime before it spreads, and clear enough to back every decision you make.
At the first edition of Compliance day by Trapets, we explored both the bigger picture of data and its practical applications, looking at how data influences our decision-making, how to structure it, and ultimately transform it into meaningful, targeted actions.
From understanding why our instincts often fail us when interpreting data, to keeping up with real-time compliance and practical examples of how to structure data and define alert logic, one common message was shared amongst the participants: good compliance depends on clear data, fast response times, and decisions grounded in facts.
Whether you’ve missed the session or want to learn more about the discussions we’ve had during the event, here are three takeaways that every compliance team can apply in their processes.
On stage: Olof Gränström, lecturer, political scientist and expert on data and decision-making
Olof’s session began with a critical reminder: data volumes are growing, and technological innovation is moving faster than ever, which means that intuition can no longer be your sole guide in making decisions.
Without a fact-based understanding of the world, even experienced analysts fall into cognitive traps, seeing patterns that aren’t there or missing the ones that matter.
On stage: Niklas Rosvall, Chief Product Officer at Trapets
Niklas made it clear that real-time compliance is increasingly becoming the norm for compliance teams.
Financial crime develops fast, new regulatory frameworks put more pressure on teams, and customers ask for more seamless experiences. All these factors lead to a shift from delayed, batch surveillance to immediate action.
From AMLR (Anti-Money Laundering Regulation to MiCA (Markets in Crypto Assets Regulation), compliance teams are expected to screen, verify, and act in real-time.
The time between detection and intervention can no longer be measured in hours or days. It can become a matter of minutes.
Fraud, money laundering, and market abuse all exploit timing. If a suspicious transaction clears before it’s flagged, or if a market order goes through before it's stopped, the damage is done.
Niklas highlighted some examples where the solution is already within reach: pausing transactions, freezing accounts, and stopping high-risk trades in real time.
On stage: Sophie Bahgat, Head of Group Financial Crime Prevention, DNB Carnegie
Compliance starts with data: a simple, but powerful reminder for everyone who attended the event. If your systems are built on outdated, inconsistent, or undefined data, it doesn’t matter how advanced your tools are; the output will fail to meet expectations.
Sophie demonstrated that data hygiene isn’t a backend task to be handled once a year. It’s the operational backbone of everything else your financial crime prevention team does.
Old transaction types, legacy product codes, and poorly defined customer categories introduce risk and reduce the value of automation.
Many organisations rely on overly broad customer categories that do little to support risk-based decision-making.
Building smart, behaviour-based customer segments improves everything from alert accuracy to the effectiveness of your enhanced due diligence.
The future of compliance doesn’t start with AI agents or ground-breaking systems. Instead, it must evolve into a connected, insight-driven function, deeply integrated with the business, powered by real-time systems, and grounded in clean, structured data.
Want to know what else is coming up at Trapets? Check out our upcoming events and webinars.