Frits Hermans

Data Scientist at ING

Frits is a data scientist at Financial Crime Analytics. He has a master’s degree in physics and joined ING in 2009 as a risk trainee. Frits had various modelling positions across the bank. Lately, he focusses on money laundering detection models.

My Sessions

Detecting risky shell companies from transaction data


Banks have the legal obligation to monitor transactions to prevent money laundering. This obligation also holds for transactions in which the bank only has a facilitating role, so when the sender and the receiver are banking somewhere else. Monitoring these transactions is challenging as the only available information is in the transactions themselves. ING Financial […]

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