Generative AI co-pilot to help banks automate compliance
What if a bank's compliance software could relay messaging in natural language? Photographer: Gabby Jones/Bloomberg That’s the question anti-money laundering ...
Tag: anti-money laundering (AML)
Google Cloud launches AI-powered tool to fight money laundering
Tech giant Google launched an anti-money laundering tool backed by AI on Wednesday for financial institutions to detect nefarious activities. The ...
Transactions: SEON acquires AML startup Complytron
London-based fraud prevention fintech SEON has acquired anti-money laundering software company Complytron for an undisclosed amount. The deal has been ...
New tools help bank customers bridge the BSA/AML compliance gap
Complying with Bank Secrecy Act (BSA) and anti-money laundering (AML) regulations is a core competency for any bank. Matt Marcus, ...
Listen: RBC’s cybersecurity takes a full-court press approach
Cybersecurity measures are a priority at Royal Bank of Canada (RBC), from monitoring and mitigation to solution investment. Banks rarely ...
Real-time anti-fraud, AML solutions to bolster Jack Henry’s payment products
Core and digital banking solutions provider Jack Henry is adding real-time fraud and anti-money laundering (AML) solutions to its software ...
By the Numbers: 57% of banks using AI for AML and KYC processes
As fraudsters continue to adapt and scale their attacks, more than half of all banks are now leveraging artificial intelligence ...
OCC mandates that USAA delve into automation systems, other technologies
Automation plays a key role in the action plan by the Office of the Comptroller of the Currency (OCC) for ...
Citigroup uses ML, AI to reduce sanctions headaches
Citigroup is leveraging machine learning and artificial intelligence to reduce the burden of sanctions. “It's been hugely impactful in the ...
Listen: Federal strategy focuses on anti-corruption in financial services
The Biden administration plans to increase anti-corruption efforts in financial services with new anti-money laundering (AML) regulations in corporate banking ...
