Let’s Join Forces 

Technology is essential to every financial institution’s financial crime program to better understand customer intentions, identify conspicuous behavior and activities as well as deciding on the appropriate level of risk and due diligence.

Basically, the whole industry is banking (no pun intended) on innovative technology such as big data (BD), artificial intelligence (AI), machine learning (ML), predictive analysis (PI), to help simplify complex processes, automate repetitive tasks and sink costs. These buzzwords have become a hot topic in compliance, therefore, we need to understand their limitations and benefits. Even though large financial institutions spend more on Anti-Money Laundering, the smaller financial institutions have a much larger cost burden in complying with AML regulations.

Therefore, the AML Knowledge Centre is always on the look out for innovative technologies to jointly cooperate with for the purpose of combating financial crime.