News

PwC Operate purchases AML tool

Tuesday 16 October 2018 10:58 CET | News

PwC Operate has acquired KYC-Pro, a digital tool which protects against money-laundering and reduces regulatory burdens.

KYC/AML (Know Your Client/Anti-Money-Laundering) is a regulatory requirement which protects banks, financial institutions and regulated bodies from being used by criminals for money-laundering crimes. It also helps banks understand better their clients and financial dealings.

KYC-Pro automates efficiencies around some of the processes, improving compliance rates, reducing costs and freeing teams to be more productive in other areas. The digital programme was developed by FSCom, and it supplements PwCs expanding technology portfolio, which supports clients with solutions based on Artificial Intelligence (AI), robotics and other forms of smart automation.

PwC Operate was created to support growing demand from multi-national organisations dealing with political, economic, and regulatory change.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: PwC Operate, KYC, AML, AI, financial dealings, cyber attacks, robotics
Categories:
Companies:
Countries: World





Industry Events