AML is a complex and persistent challenge for financial institutions. With determined and sophisticated money launderers, the threats facing banks are evolving along with the advancements in digital technology. Regulatory fines continue to grow along with the high level of false Money Laundering alerts. AI in Regtech is rapidly developing to help combat money laundering by providing a more contextual basis for determining risk and detecting suspicious activities.
Should financial institutions consider fighting financial crimes with new and innovative technology in alignment with their historical approach? Read the white paper.