Retail Banking UPGRADE YOUR MONITORING IN RESPONSE TO MARKET DYNAMICS AND REGULATION

The challenge keeping banking compliance teams up at night

Your legacy AML systems have been inefficient and ineffective for some time, while throwing headcount at the problem so far was the only viable solution. But you know regulatory & technological change is coming, and that your current solution will no longer suffice.

Our AI-powered AML for retail banks is:

• Efficient - reduce false positives by over 70% to cap ballooning compliance headcounts
• Effective - spot anomalies and detect unknown crime patterns before they become common
• Explainable - all stakeholders, from frontline compliance officers through to your regulators understand and trust our results

The key considerations for Retail Banking looking for modern AML solutions

• Adapt to emerging risks and discover the unknown AML threats before they become an issue with AI-powered anomaly detection
• Manage the size of compliance teams by embracing automation as soon as your team is ready for it instead of throwing headcount at symptoms of noisy, ineffective AML systems
• Our AI-powered solutions separate laundering activities from the “noise” of transactions via real-time identification
• Significantly reduce false positives and unnecessary alerts to keep a limit on your increasing headcount

AML Payment Screening for retail banking

Screen customers and counterparties against Sanctions and country lists.

Screening customers as well as their transactions, whether during onboarding or thereafter, is vital to remain compliant with regulations.

• A modular solution that you can adopt as your needs change, in a unified interface to boost efficiency
• Fight false positives with artificial intelligence in a transparent and auditable manner
• Reduce time per case with a centralized interface, augmenting streamlined manpower with automation