Banks are required to prove their financial crime controls work. Cable was the first to automate that proof, but couldn't sell it. So it went out free, in exchange for feedback. I took that insight and shaped it into a product banks paid for.
0 → 1POC, TO SUITE
1 → 2flagships
10built features
$0 → PaidFREE, TO FIRST SALE
Founding Designer. The whole product surface, from a single feature to a compliance suite. Jul 2021 to Oct 2022, remote UK.
diagnosis
Burdened by feedback.
Proving financial crime controls work is an old job, expensively outsourced to consultants or done manually in house. Cable's pilot users based their feedback on their own work, translating it into what they thought the software should do, and with no references anywhere, that translation landed poorly as engineering requirements.
So the product answered everything and solved nothing, which is a fundamental product design problem. It tested a bank's controls automatically and recorded what followed: the accounts, the reviewers, the decisions, creating a Paper Trail. That single feature was the anchor, and the feedback anchored there too. Instead of building around it, they built on top of it. Drowning it.
Acme Inc
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22 companies without a valid address
Control EffectivenessKYB
Needs Reviewing
24 companies have incomplete names for all Directors
Control EffectivenessCDD
In Progress
20 companies have incomplete names for all Directors
Open since
2d ago
Control EffectivenessCDD
Owner
Source of breach: companies_main_P
20 records
4820371
9174026
2359841
7048219
1683504
8291057
3517294
6902478
2748163
5136920
8467301
1950742
7284615
3609187
9521436
4173058
6845209
2016953
Jan 5 2021
Trail was flagged
9:45 AM
Jan 6 2021
Jo Mead was assigned as owner
10:30 AM
Jo Mead commented
3:30 PM
All emails sent up and followed up on.
Jan 20 2021
Jo Mead commented
11:15 AM
First CX calls starting today. Updated script:
Directore Remediation outreach
Word Document
Jo Mead commented
10:40 AM
We’ve asked the back-end team to investigate the issue, there appears to be a fault when pulling information for companies with >20 Directors listed in Companies House.Channel started on Slack while we investigate.
Open #director-remidiation in Sl...
bank.slack.com
Date
Jessica commented
9:45 AM
We’ve asked the back-end team to investigate the issue, there appears to be a fault when pulling information for companies with more than 20 Directors listed in Companies House.Channel started on Slack while we continue to investigate the issue.
Caught up with the prod team and @Scott Shaw to discuss if we can notify companies missing info in the app and they can fix themselves. They’ll scope out work and get back to us by EOD tomorrow.
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strategy
Two steps forward.
Undoing that took one decision at a time, in the order engineering could afford. The first move was giving that feature the space it deserved on screen: a home page, a Paper Trail page, and a dependable list of account IDs where the controls are run. It became a real feature, with room to build around it instead of on top of it.
The other half was reading the feedback for their underlying needs, instead of shipping them as direct inputs. Once the product made sense on its own terms, users had something to measure against: they stopped narrating their own steps and started asking for outcomes.
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Jessica Smith
24 companies have incomplete names for all Directors
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Source of breach: companies_main_P
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Companies onboarded with incomplete Director information
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2419578
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Jan 5 2021
Trail was flagged
9:45 AM
Priority was changed to Medium
10:23 AM
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Please assign an Owner or share an initial Update.
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Paul Shore
MLRO
Jerry McNeely
Accounting
Jessica Smith
Fincrime Dept.
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Alba Smith
Fincrime Dept.
growth
10 steps forward.
With real problems to build against, I could grow the product with purpose, spotting opportunities and articulating them into features we could ship. It became a suite: eleven features strong, with a second flagship in Oversight, a bird's eye view for sponsor banks running the same checks on the fintechs riding their charter, one interface, different data.
Eventually the suite ended up where the single feature had started, burdened and short of air. Fast iteration, the cost of opportunity, had strained the original structure and its metaphors. Another opening, this one not from users: a chance to take a foundational set of features and turn it into the industry's benchmark.
Description / This action is very important. If you wanna know who’s supposed to do it peep the Owner box.
You can also see who created me — The Action — and when (it’s my birthday). There’s more stuff too, like my status, and what do I refer to... I’m all sorts of cool and important.
True positive Sanctions hits signed up within 2 days of each other
Created 23/08/2022
by Lisa Leslie
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Description / This action is very important. If you wanna know who’s supposed to do it peep the Owner box.
You can also see who created me — The Action — and when (it’s my birthday). There’s more stuff too, like my status, and what do I refer to... I’m all sorts of cool and important.
True positive Sanctions hits signed up within 2 days of each other
Created 23/08/2022
by Lisa Leslie
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Description / This action is very important. If you wanna know who’s supposed to do it peep the Owner box.
You can also see who created me — The Action — and when (it’s my birthday). There’s more stuff too, like my status, and what do I refer to... I’m all sorts of cool and important.
True positive Sanctions hits signed up within 2 days of each other
Created 23/08/2022
by Lisa Leslie
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Jessica Stone
Due
23 Aug 2022
Description / This action is very important. If you wanna know who’s supposed to do it peep the Owner box.
You can also see who created me — The Action — and when (it’s my birthday). There’s more stuff too, like my status, and what do I refer to... I’m all sorts of cool and important.
True positive Sanctions hits signed up within 2 days of each other
Created 23/08/2022
by Lisa Leslie
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Jessica Stone
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23 Aug 2022
Description / This action is very important. If you wanna know who’s supposed to do it peep the Owner box.
You can also see who created me — The Action — and when (it’s my birthday). There’s more stuff too, like my status, and what do I refer to... I’m all sorts of cool and important.
True positive Sanctions hits signed up within 2 days of each other
Created 23/08/2022
by Lisa Leslie
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Jessica Stone
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23 Aug 2022
Description / This action is very important. If you wanna know who’s supposed to do it peep the Owner box.
You can also see who created me — The Action — and when (it’s my birthday). There’s more stuff too, like my status, and what do I refer to... I’m all sorts of cool and important.
True positive Sanctions hits signed up within 2 days of each other
Created 23/08/2022
by Lisa Leslie
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Jessica Stone
Due
23 Aug 2022
Description / This action is very important. If you wanna know who’s supposed to do it peep the Owner box.
You can also see who created me — The Action — and when (it’s my birthday). There’s more stuff too, like my status, and what do I refer to... I’m all sorts of cool and important.
True positive Sanctions hits signed up within 2 days of each other
Created 23/08/2022
by Lisa Leslie
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Jessica Stone
Due
23 Aug 2022
Description / This action is very important. If you wanna know who’s supposed to do it peep the Owner box.
You can also see who created me — The Action — and when (it’s my birthday). There’s more stuff too, like my status, and what do I refer to... I’m all sorts of cool and important.
True positive Sanctions hits signed up within 2 days of each other
Created 23/08/2022
by Lisa Leslie
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Regulatory Risk
Operational Risk
Geographic Risk
Size and Nature of Business Risk
Delivery Channel Risk
Systems and Processes Risk
Product and Services Risk
Customer Risk
Transaction Risk
Typology Risk
Typology Risk
Terrorist Financing
Total Active Controls: 2
4
Inherent Risk
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Control Adequacy
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100%
Control Effectiveness
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1
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Bribery/Corruption
Total Active Controls: 4
3
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100%
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1
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Identity Fraud
Total Active Controls: 4
4
Inherent Risk
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100%
Control Adequacy
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100%
Control Effectiveness
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1
Residual Risk
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Authorised Push Payment Fraud
Total Active Controls: 4
4
Inherent Risk
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95%
Control Adequacy
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100%
Control Effectiveness
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2
Residual Risk
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Money laundering
Total Active Controls: 0
4
Inherent Risk
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100%
Control Adequacy
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90%
Control Effectiveness
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3
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Risk Assessment
Robert Miles
Your Risk Assessment
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Griffin
Risk Assessment 2022
Inherent Risk
4
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on 23/03/2022
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Jessica Stone
Review documentation for new customer and check risk appetite statements.
See in Actions....
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Zero Sum Finance
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Inherent Risk
3
Residual Risk
2
Arrow Money
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Inherent Risk
2
Residual Risk
1
Sparkle Card
Approved
Inherent Risk
3
Residual Risk
1
Fresh.io
Approved
Inherent Risk
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QuickPay Finance
Inherent Risk
4
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23 Aug 2022
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Jessica Stone
Review transaction monitoring alerts for past month for any potential new typologies
True positive Sanctions hits signed up within 2 days of each other
Created 23/08/2022
by Lisa Leslie
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Blue Money
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Is your company carrying out a regulated activity?
Has your company been the recipient of any AML enforcement actions or supervisory matters in the last 12 months?
Does your company require a BSA Officer or MLRO?
Does your company have a regular financial crime meeting with members of the Board or Executive Committee?
How many AML compliance staff have left your company in the last 3 months?
Does your company use third party service providers for any of the following control processes?
Does your company have any recent/planned acquisitions?
Which of the following best describes your company’s business type?
What is your company’s estimated annual revenue?
What countries does your company have customers in?
Does your company plan to expand the countries in which it has customers?
Where does your company have operations?
Does your company plan to expand the countries in which it has operations?
What products does your company offer to its customers?
Which account servicing methods are used by your company?
What countries does your company have customers in?
Afghanistan
Albania
Algeria
Andorra
Angola
Antigua and Barbuda
Argentina
Armenia
Australia
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Russia
Rwanda
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Saint Lucia
Saint Vincent and the Grenadines
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Senegal
Serbia
Seychelles
Sierra Leone
Singapore
Slovakia
Slovenia
Solomon Islands
...
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Uganda
Ukraine
United Arab Emirates
United Kingdom
United States of America
Uruguay
1 selected
ACME INC
20
All Programs
Dashboard
Paper Trails
Assurance
2 days
without Breaches
24
Newpaper trails
6
In Progresspaper trails
Oldest active paper trail
31 days
Median number of days paper trails have been open
7 days
Current data is 42 days old.
Uploaded 23/Jun
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Financial Crime Risk Over Time
y
y
y
x
x
x
x
x
x
Open Breaches
Open Failures
axis label
axis label
Total Risk Accepted
y
y
y
x
x
x
x
x
x
Breaches
Failures
axis label
axis label
Total trails over time
y
y
y
x
x
x
x
x
x
Breaches
Failures
Risks
axis label
axis label
Outcomes
Fixed
Risk Accepted
Risk Accepted by Fincrime Area
CDD
KYB
Trails by Fincrime Area
CDD
KYB
Sanctions
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Programs
Last updated 2 minutes ago
ACME INC
20
Programsonboarded
20mil
Nestedcustomers
Avg issuesper Program
3
Avg solving timeper issues
2 days
Programs selected: 20 | All
Program name
Geography
Type
Nested Customers
Open Breaches
Open Failures
Breaches&Failures Last 3 months
Green Line Trading
US
Retail
16M
3
1
5
QuickPay Finance
US
Crypto
2M
1
2
5
Arrow Money
UK
Credit
100K
3
1
4
Sparkle Card
Brazil
Retail
130K
4
2
6
YoCard
US
Retail
70K
2
–
4
Zero Sum Finance
Brazil
SMB
1.2M
–
–
2
Fresh.io
France
Crypto
10K
1
–
1
Blue Money
UK
Credit
100K
3
1
4
Red Crow
Brazil
Retail
130K
4
2
6
oYCard
US
Retail
70K
2
–
4
Gucci Trading
US
Crypto
16M
3
1
5
Zero-in Finance
Brazil
SMB
1.2M
–
–
2
Lispit
France
Crypto
10K
1
–
1
ACME INC
20
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Last updated 2 minutes ago
outcome
Standard. Acquired.
I finished the redesign right around the time we made our first sale, turning our pilot partner into our first client. The product was now fully featured and mature enough to earn its keep. The hard work paid off: three more clients followed on the heels of that first deal, carrying Cable from the UK to the US.
It kept growing, past 50 banks and fintechs, becoming a standard in the industry it was helping create. It was acquired by Synctera in 2026.
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Moneygreen
All
7
Breaches
4
Failures
2
Risks
1
Show closed
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2 Paper Trails
FailureCDD
Open 2d
Customers under the age of 18
42affected
Moneygreen
Medium priority
BreachKYB
Open 2d
Companies that have not provided the name of 1 beneficial owner
6affected
Moneygreen
No priority
In progress
5 Paper Trails
BreachSanctions
Open 2d
Customers with a true positive Sanctions hit
3affected
Moneygreen
Top priority
RiskCDD
Open 2d
Increase in customers signing up from high risk countries this month
5%affected
Moneygreen
High priority
FailureCDD
Open 2d
Customers have not provided an email address
10affected
Moneygreen
Medium priority
BreachCDD
Open 2d
Directors have not provided names
5affected
Moneygreen
Closed
Closed
42 Paper Trails
BreachCDD
Open 2d
Increase in sign ups from high risk countries
5%affected
Moneygreen
Closed
RiskKYB
Open 2d
Companies have signed up with a never before seen SIC code
Caught up with @Scott Shaw to discuss if we can notify companies missing #e6d2...346g in the app and they can fix themselves. They’ll scope out work and get back to us by EOD tomorrow.
Jessica created an Action
6:12 PM
Assigned
Owner
Ali
Due
23 Aug 2022
Review transaction monitoring alerts for past month for any potential new typologies