Industry takes

The cost of AML Operations: $3 million, tarnished image, and a few annoyed customers

Money laundering is a global problem that has far-reaching consequences for both the financial industry and society as a whole. To combat...

Uses of AI in Transaction Monitoring: How technology is coming to save the day

Artificial intelligence (AI) is transforming various domains and industries, and transaction monitoring is no exception. Traditional TM...

Throwback from FinCrime event: AI Integration Took Center Stage

On March 31st, Complidata, Huron, and Oracle hosted a successful networking lunch titled "FinCrime Busted: How AI/ML Fuel Financial Crime...

"Dear CEO" of Trade Finance: Risk Management Expectations,and What They Mean for Firms

It is now around 19 months since another letter in the “Dear CEO” series was released by the Financial Conduct Authority (“FCA”) and the...

"Data is the New Gold": Context-centric data extraction for Trade Finance

Getting your data digitized. “Data is the new gold”, is a phrase we hear often. But only if it’s in your systems. Still today, a large...

The challenges of AML: Why risk-ranking AML alerts are crucial

The biggest challenge in AML is presented by the number of alerts generated by transaction monitoring and fuzzy logic screening, in...

Open-source Intelligence (OSINT): How it reduces AML case investigator load

In the wake of the 2008 financial crisis and subsequent high-profile scandals, terror financing etc, global regulators are increasingly...

Demystifying the impact of Money Laundering cases on Financial Institutions & How A.I can combat it!

In the last few years, we have seen several money laundering cases being exposed. Some of them include Panama papers, Baltic leagues...

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