The problems associated with fraud and money laundering are nothing new. For years, people involved in organised crime have endeavoured to set up accounts for the sole purpose of moving the proceeds of crime through a network, in order to obscure their source, extract funds and make recovery by Financial Institutions nearly impossible.
Part of the reason for the rise, and the success, of fraud and money laundering is the speed at which modern payment systems enable money to move. People and businesses benefit from the speed and convenience of transferring money 24/7; but unfortunately, criminals do too.
Our financial crime solutions overlay payments data with leading-edge data science tools and techniques to develop ground-breaking solutions and protect the legitimate users of payments systems.
AML Insights has the potential to prevent organised criminal activity on the payments network, as well as deliver a significant step-up in fraud decision analytics to complement existing FI solutions.READ MORE