As per the information detailed in the press release, DataVisor introduced an AML solution that includes technology and comprehensive functionalities enabled by machine learning and artificial intelligence (AI). Considering the increasing regulatory compliance requirements and the expanding complexity of financial crime tactics, the solution is set to cover the entire AML workflow, while also being compatible with customers’ current systems.
Comprehensive end-to-end functionality that integrates customer risk rating, CDD/EDD, sanction and watchlist screening, transaction monitoring, case management, and automated SAR filing, ensuring simplified AML processes and full regulatory compliance;
Improved detection and minimised false positives, with the solution offering a view over customer profiles via robust data orchestration. DataVisor’s solution facilitates more effective risk assessment and decision-making, achieving reduced false positives and detection of real money laundering activities;
Increased operational efficiency and reduced costs with automation enabled by generative AI;
Centralised insights and monitoring via its dashboard and reporting which provide insights into AML alerts, case statuses, and the progress of review teams;
Flexible integration with existing fraud workflows, ensuring accelerated implementation and providing adaptability to meet the requirements of financial institutions.
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