How AI can reduce false positives for fraud
Most transactions flagged as fraud are false positives, and they are driving unnecessary costs. In this podcast, David McLaughlin, CEO ...
Tag: anti-money laundering (AML)
Cybercrimes, lists and risks: Why chief risk officers worry
What will keep chief risk officers and compliance leaders up at night this year? Bank Automation News spoke with current ...
Listen: Nice Actimize launches AI-backed tool to thwart false positives
Anti-money laundering and fraud solution provider Nice Actimize announced a new artificial intelligence-driven tool Thursday that it claims will reduce ...
Nasdaq to buy Newfoundland’s Verafin for $2.75B in cash
Nasdaq Inc. agreed to acquire Verafin, a provider of technology that fights financial fraud and money laundering, for $2.75 billion ...
Weekly Wrap: Takeaways from Banking Automation Summit
This week marked the first-ever Banking Automation Summit, which featured speakers from PNC, Wells Fargo, Truist, Citi and other financial ...
BAS 2020: Wells Fargo eyes automation to speed KYC/AML processes
Wells Fargo is prioritizing automation efforts for “know your customer” (KYC) and anti-money laundering (AML) processes in 2021 as the ...
Forrester: New tech powering AML advancement
Effective anti-money laundering processes are as crucial as ever to institutions’ brands, and the pace of new AML regulations is not ...
Sales of AI Products for Bank Compliance Is Projected to Soar
Compliance is expected to multiply the sales of artificial intelligence banking solutions through 2030 by 6.5 times, a new report ...
How ‘Computer Vision’ May Change Banking
Chatbots are great for personal interactions with banks, but the camera may soon provide an even more powerful tool for ...
Synechron’s RegTech Program Aims to Help Banks Reduce Compliance Costs
EXCLUSIVE - Technology services provider Synechron launched a regtech program focused on helping its financial services clients on regulatory compliance ...
