Following the Money with Modern Tech
Aug 27, 2021
Shirish Netke
Following the Money with Modern Tech

The movement of money is at the core of illegal activity. This money generated by criminal activity is laundered through the traditional banking system and is estimated to be between $1-3 Trillion. Criminal activity covers the gamut from counterfeit pharmaceuticals to human-trafficking all of which are estimated 5% of the world GDP. Modern technology powered developments in data analysis and machine learning developments can help fight organized criminal activity in ways which were not possible as recently as 5 years ago. 


Shirish has extensive leadership experience in running high-growth businesses with general management responsibilities for companies in the area of software, services and electronic entertainment. His recent work focuses on business oversight, compliance and process automation based on emerging technologies including AI/machine learning. He has closely worked on operational risk management for banks related to BSA/AML/CFT compliance using self-learning models for anomaly detection and business process improvement.

Shirish has worked in early-stage companies as well as Fortune 500 companies to solve problems related to business process and technology. His past roles include President of Absolute Quality (acquired by Poletowin Pitcrew Holdings) and President of Aztecsoft (acquired by MindTree). While at Absolute Quality, he led the transition of the company from console gaming services to social gaming services. At Aztecsoft, he executed a strategy to position the company as a category leader and grew revenues three-fold in 24 months with a ten-fold increase in market capitalization.

Before joining Aztecsoft, Shirish held leadership positions Sun Microsystems, a key technology provider for financial services industry. As a part of Sun’s international team, he worked with customers and channel partners in 35 countries in Asia, Europe, Latin America and Africa. He was one of the first evangelists for Java when it was launched by Sun Microsystems. He began his career at Wipro Technologies ($9B revenue) as one of its first 25 employees.

Shirish has been quoted as a business thought leader in the New York Times, Investors’ Business Daily, Chief Executive Magazine and Asia Times. His speaking engagements have covered a variety of forums such as Seoul Digital Forum, Florida International Bankers Association (FIBA), GITEX, CFO Rising, International Bankers Association of California, and Oracle OpenWorld. He has testified as an industry expert before the California State legislature and the US Congress. He was a contributing author to The RegTech Book published by John Wiley & Sons and considered the first comprehensive reference book on the subject.