Powering a New Era in AML with X-Sight DataIQ
On-Demand Webinar
Today’s Anti-Money Laundering (AML) teams are becoming increasingly pressured as the financial services industry is transformed by the growing wave of digitalization (a trend that's been accelerated more recently by COVID-19). With better technology, innovative products and channels have arrived, as well as changing expectations in customer behaviors – and it’s presented the criminals with newer means to operate and expand their risky business. As a result, transaction volumes are growing and your organization is expected to onboard customers more quickly, transfer funds faster, and tackle new evolving risks while preventing a growing backlog.
In his recent whitepaper, Arin Ray from Celent shares how traditional technology used in AML programs is proving inadequate in responding to modern-day challenges. He also discusses how financial services organizations are exploring new technologies such as artificial learning and machine learning to improve efficiency and effectiveness of AML programs. When applying these new techniques, data is the most critical foundational component. But data has been underutilized because FSOs struggle with common data management challenges that are exacerbated by growing volume and speed of transactions. Regulatory scrutiny on model risk management is forcing a re-think in approaches to data management and many are taking this opportunity to usher in changes that break down data silos and simplify data architecture.
- Read the industry report, from NICE Actimize and Celent, to gain expert insights on a new era in AML revolving around data and advanced analytics. See how high-quality data coupled with modern analytical tools can significantly elevate and accelerate KYC-AML processes across the board.
- Watch the on-demand webinar , from NICE Actimize and Celent, to see how high-quality data coupled with modern analytical tools can significantly elevate and accelerate KYC-AML processes across the board.
Learning outcomes:
- Tackling new AML risks emerging from a rapidly changing ecosystem
- Why data serves as the foundation of today's AML programs
- Improving KYC-AML effectiveness with better data and advanced analytics
- How high quality data fuels AI and machine learning techniques
On-demand webinar speakers:
- Arin Ray, Senior Analyst, Risk and Compliance | Celent
- Ted Sausen, Subject Matter Expert, Anti-Money Laundering | NICE Actimize
- Anne Liegel, Sr. Product Marketing Manager, Anti-Money Laundering | NICE Actimize