invest northern ireland

The use of AI in AML transaction monitoring


How much do you know about AI in AML?

The need for future-proof compliance software has been increasing. Both regulators and financial institutions agree that existing processes and platforms lack flexibility and are no longer efficient in detecting and combating the new, more sophisticated illicit activities.

“An institution has an automated and self-learning transaction monitoring system commensurate with its risk profile” – Post-event transaction monitoring process for payment service providers, Dutch National Bank (DNB).

Automation enhanced by machine learning has become a strong recommendation from European regulatory guidance. Nevertheless, before implementing artificial intelligence to your processes it is important to understand how it works.

Download the white paper here.

Share this Article
Related Insights
Since 2014, Holland FinTech has been mapping the fintech landscape, in the Netherlands and abroad.
Landing in the Netherlands
New to the Netherlands? Want to know who is who and where to meet them? Read all about the Dutch market, and find your path to successful market access!
Amsterdam Fintech Week
Amsterdam FinTech Week is back on 12-15 September! Be a sponsor, co-organizer, or just participate at the summit or one of the countless side events.

How likely are you to recommend Holland FinTech?