Compliance must keep an eye on ever changing customer data. Therefore, banks and insurance companies regularly check whether data of new and existing customers match entries in sanctions and PEP lists.
KYC software with machine learning functionality brings more automation to the KYC process. In customer screening, the machine learning component in the ACTICO Compliance Suite can save up to 57% effort in the clarifications required for false positives. This is made possible by Machine Learning, which supports compliance staff in focusing more on real risks.
Automate the KYC process in banks and insurance companies even more – with machine learning
Machine Learning has proven to be a suitable technology for the automation of the KYC process. The ACTICO Compliance Suite has now been supplemented with a machine learning component that enables a savings potential of up to 57%.
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KYC Software and Machine Learning for Compliance
How can you benefit from ACTICO KYC software in KYC profiling, sanctions and PEP screening and risk classification?Gain an overview
Why shouldn’t Machine Learning decisions be black boxes?
How banks can benefit from using machine learning in their compliance departments and ensure that their decisions are explainable.Read the interview
Compliance Suite at a glance
The ACTICO Compliance Suite is now equipped with a machine learning component and supports all aspects of compliance risk detection.Learn more