Research
invest northern ireland
Published
Share

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
Featured
Dutch FinTech Map 2022
Make sure your company is on the map! Are you a member, or active in the Netherlands? Provide your details to be featured!
Amsterdam Fintech Week
Amsterdam FinTech Week is back on 9-16 September, fully in-person and online. Be a sponsor, co-organizer, or just participate at the summit or one of the countless side events.
AMLD5 Guide
A source for consulting PSD2 legislation coupled with commentary, tips & tricks, applicability, in collaboration with our member law firms.

How likely are you to recommend Holland FinTech?