ACAMS Virtual APAC Conference: Bringing AI to Life in AML – Why it Matters, and why you need it Today

January 21, 1:00 pm EST

In this era of heightened financial crime risk, it is essential for financial services industry to adapt and harness the right technology to safeguard their customers’ assets and data amid the deluge of criminal activity in cyberspace while reducing costs and improving operational efficiency. Integral to these efforts will be technology that allows financial institutions to optimize data intelligence. By aggregating content from a wide variety of third-party data sources covering global sanctions, PEP status, corporate ownership, enforcement lists, and adverse news into a unified set of actionable intelligence, financial firms can more effectively risk score and conduct investigations. This, when integrated with external premium content providers, can enable more effective decision making.

The financial sector is increasingly using artificial intelligence (AI) to glean crucial insights from vast troves of data. One key type of AI technology, cognitive computing, is especially useful as a compliance tool. A cognitive computing system can make sense of natural speech and images - even if the information is not structured - recognizing and interpreting patterns, including those seen in suspicious financial transactions. A key strength of cognitive computing is its capability to get better with experience, learning from its mistakes and improving its performance over time.

In this on-demand video, our panel members discussed how financial institutions leverage technology to enhance financial crime compliance and prevention.

Learning Objectives:
  • Understanding the AML risks that can be tackled by AI
  • Discovering key outcomes to make AI successful for you
  • Enabling an AML AI programme

 Michael Barrett
Michael Barrett, Head of AML Product, NICE Actimize

    Matthew Field
Matthew Field, APAC Market Director,     AML, NICE Actimize

About NICE Actimize
NICE Actimize is the largest and broadest provider of financial crime, risk and compliance solutions for regional and global financial institutions, as well as government regulators. Consistently ranked as number one in the space, NICE Actimize experts apply innovative technology to protect institutions and safeguard consumer and investor assets by identifying financial crime, preventing fraud and providing regulatory compliance. The company provides real-time, cross-channel fraud prevention, anti-money laundering detection, and trading surveillance solutions that address such concerns as payment fraud, cybercrime, sanctions monitoring, market abuse, customer due diligence and insider trading.
Copyright © 2020 Actimize Ltd. All rights reserved.

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Register for the On-Demand Webinar!

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