Digital Transformation in Compliance. New Whitepaper including 9 Lessons Learned.

Why successful banks now rely on machine learning

The number of Suspicious Activity Reports (SARs) is increasing year on year. Banks, insurance companies and regulators alike are struggling to monitor the flow of money. New anti-money laundering laws, increasing cost pressures and a lack of personnel are additional challenges for banks and insurance companies. Compliance departments have to face up to these challenges and find new ways of:

  • analyzing vast quantities of data more effectively
  • detecting suspicious patterns more quickly
  • reducing false positives

Machine learning can provide a clever solution. By combining data with the knowledge and expertise of compliance officers, it can quickly and accurately detect complex cases of money laundering.

Our whitepaper provides an overview of the latest SAR figures, new regulations, and key steps towards greater automation in Compliance. It also includes 9 lessons learned when integrating machine learning into compliance systems.

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