How machine learning can cut costs on transaction monitoring: a new…

The need for transaction monitoring The world today is a very different place than even ten years ago; criminal activity is increasingly sophisticated and terrorist financing uses cutting edge technology. Financial institutions, together with governments and regulatory authorities must use every technological advance to fight it. In the modern world there is more and more emphasis on fighting financial crime, money laundering and terrorist financing. Regulators are more demanding and are enforcing a higher level of scrutiny on companies in the transaction monitoring space. Digitalisation is a global phenomenon and the amount of ‘wire’ activity is growing significantly, increasing the pressure on companies and making it harder for them to monitor and detect suspicious activity. IT solutions companies are creating tools to increase robustness in the transaction monitoring process and…


Link to Full Article: How machine learning can cut costs on transaction monitoring: a new…