How use of technology helps in fighting ML/TF risk for financial intuitions?
The latest and modern use of new technologies including AI and ML and automation in the various process of customer identification, ongoing assessment, investigations and management of ML and TF risks through the lifecycle of monitoring allows risk analysis to have more holistic view of customer. Applications provides network analysis showing various networks and nodes connecting the dots during investigation, and operate at customer, institutional, jurisdictional, and cross-border levels as well. And hence, fintech firms through its innovative solutions and technology helps achieve these for your organization and Neo-FinT can be your trusted partner in this journey. Latest solutions and applications helps Fintech firms in determining the benefits which are fourfold
Use of AI and ML and automation technology combined with AML and Risk management solutions tools plays a significant role in identifying emerging threats & stopping ahead of time.