by Gerardo Salonia | Mar 15, 2022 | Financial Industry
co-authored by Sascha Steinbach-Vulin A constant increase in alerts generated by financial institutions´ Transaction Monitoring Systems (TMS) has significantly elevated the difficulty for Anti-Money Laundering teams to identify relevant AML & CTF-related (Counter...
by Gerardo Salonia | Apr 22, 2021 | Banking, Financial Industry
co-authored by Duc Thang Hoang Anti-money laundering (AML) is a complex and regulated field involving composite data and intricate workflows. With tighter regulations and a prevailing reliance on manual processes, the heat is on for banks to get their risk management...
by Gerardo Salonia | Feb 26, 2020 | Artificial Intelligence, automation, Banking, Financial Industry
This article was co-authored by Mile Dragosavac. Financial institutions are obliged to perform know your customer (KYC) due diligence when on-boarding a new customer, and on a periodic basis with existing ones. The goal of periodic reviews is to keep information...
by Gerardo Salonia | Jan 20, 2020 | Artificial Intelligence, automation, Banking, Financial Industry
In part I of this series, we learned about the background of KYC/ AML sector and understood the similarities and differences between AI, machine learning (ML) and robotic process automation (RPA). In this article we will explore the applications of these technologies...
by Gerardo Salonia | Jan 15, 2020 | Artificial Intelligence, Banking, Disruptive technologies, Financial Industry
Co-authored by Ana Carolina Cruz Aguilar and Mile Dragosavac. Anti-money laundering (AML) is a complex and regulated field involving composite data and intricate workflows. With tighter regulations and a prevailing reliance on manual processes, the heat is on for...