By merging Discai’s AI-based alert system with Harmoney’s end-to-end case and process management platform, the two companies specialising in mitigating financial crime intend to provide a customisable, full-spectrum solution for generating and managing AML alerts. The decision to partner can be attributed to the rise in money laundering globally, as well as to the low detection and recovery rates. In addition, the methods leveraged by money launderers have become significantly more advanced, with financial institutions requiring modern solutions that can keep up with the evolving and changing demands.
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