Insight: How “digital twins” quickly change the compliance with financial crime, which are outlined at EAFCS2025

By AML secret service correspondent

The following text is a speech by Avalon Ingram, Head of Fincrime at Swift, at the “European Antifinance Criminal Police Summit 2025”

I would like to talk to you about a technology that turns over how we combat financial crime – a technology that not only brings speed and scaling, but is also a bit unexpected: human expertise. I'm talking about digital twins.

At a time when financial institutions are exposed to increasing pressure on pressure – from the regulatory expectations to the mere volume of warning messages, which are generated by systems such as transaction monitoring and sanctions screening, the models for traditional conformity models burden under weight. They are expensive, often inefficient and still leave space for risks. We need a new paradigm.

So what exactly are digital twins?