AML systems generate a high proportion of false positives, often surpassing 80 or 90% of alerts, resulting in soaring compliance costs at large banks and operational bottlenecks at most institutions. Implementing next-generation technologies including cloud-based intelligent automation and machine learning will increase efficiency and improve efficacy in AML operation for many banks and credit unions.

Presenters: Neil Katkov, Senior Vice President at Celent; Eric Tran-Le, Co-CEO and VP Product Management, Guardian Analytics