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EY leverages Microsoft technology to fight financial crime

Friday 20 July 2018 10:27 CET | News

EY announced a new financial crime compliance platform leveraging Microsoft technology, which offers solutions to target financial crime operations, including transaction monitoring, list screening and KYC.

The extended alliance with Microsoft will address six financial crime domains:

  • anti-money laundering and counterterrorist financing (AML/CTF);

  • sanctions;

  • fraud;

  • anti-bribery and corruption;

  • market misconduct;

  • and tax evasion.

In addition, EY is developing a wide range of technology-based financial crime assets:

  • Financial Crime Compliance Operations managed services;

  • a transaction monitoring solution;

  • a technology platform for the secure and traceable exchange of customer information.

EY financial crime solutions use robotic process automation (RPA), machine learning and artificial intelligence (AI) to provide efficiency improvements while improving overall quality. Leveraging Microsoft Azure and AI tools, the financial crime compliance platform further enhances efficiencies in the financial crime process for financial institutions.


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Keywords: EY, Microsoft, financial crime, KYC, transaction monitoring, machine learning, compliance
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Countries: World





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