AML Transaction Monitoring

Traditional approaches to AML suffer from a basic conflict of goals: Increasing detection rates can only be achieved by accepting higher false-positive rates. This is due to the way data is analyzed—with rules, an approach that has only proven to be effective and sufficient in less complex times. 

Digital transformation is changing the world of banking. What has been successful in the past will no longer be effective in the future. We need to rethink current approaches, and the time has come to embrace new technologies in AML: artificial intelligence (AI) and robotic process automation (RPA).