September 29 2019
Symphony AyasdiAI announced the launch of Ayasdi AML, an advanced anti-money laundering (AML) solution that significantly boosts efforts to combat fraudulent money laundering schemes. Ayasdi AML uses state-of-the-art unsupervised machine learning technology to increase detection accuracy and reduce investigative volumes by more than 20 percent.
Global AML compliance costs financial institutions annually more than $100 billion with regulatory fines averaging $2.7 billion a year. Ayasdi AML addresses these costs by reducing false positives, automatically spotting anomalies in customer behavior, accelerating investigations, and lowering the overall cost of compliance. It augments current systems of record to provide end-to-end intelligence, spanning transaction monitoring systems (TMS), event dispositioning, and case management systems.