Anti-Money Laundering & Know Your Customer

Criminals continue to evolve in using modern technology to conduct fraudulent transactions. But legacy technology, monolithic applications, and outdated systems for fraud detection and transaction monitoring impede the ability of banks to comply with regulations and combat fraud. Plus, global regulations are increasing the pressure on banks to improve compliance with anti-money laundering (AML). To address the need to analyze large volumes of data in near real-time, banks today can use cloud-based accelerators and integrated partner solutions to improve fraud detection and ultimately achieve AML compliance.