Anti-Money Laundering measures to prevent illicit financial flows.
Anti-Money Laundering (AML) processes focus on preventing the flow of illicit money through the financial system. This involves identifying suspicious activities that could indicate money laundering or terrorist financing, such as unusual transaction volumes, rapid movement of funds, or discrepancies in customer information. Organizations employ a combination of rule-based detection systems and machine learning to identify these red flags. AML processes also involve customer due diligence, ongoing monitoring, and reporting suspicious activities to the relevant authorities. Ensuring an effective AML program is crucial for compliance with regulations and for maintaining the integrity of the financial system.Explore the vendors and technologies available in the AML category here on RiskTechRadar.
BAM+ is a configurable anti-money laundering (AML) software tailored to an institution's unique risk profile, customers, and needs. It enhances the detection, management, and resolution of suspicious financial activities. Key features include: - Data Validation: Ensures accurate ingestion ...
iDenfy's AML Screening & Monitoring service provides businesses with the tools to perform daily screenings against international sanctions lists, politically exposed persons (PEPs), and law enforcement watchlists. The service offers flexibility through its API, allowing for single sanctions checks o...
Featurespace's Anti-Money Laundering (AML) solution is a state-of-the-art platform for detecting and preventing financial crimes, such as money laundering and terrorist financing. The solution uses machine learning and advanced analytics to identify suspicious transaction patterns and unusual behavi...
Lukka Blockchain Analytics SaaS is a web-based platform designed to provide transaction, wallet, and cluster monitoring for crypto assets. The solution aims to empower organizations to analyze their businessβs on-chain data for enhanced insights into risk, compliance, and operational efficiency. Key...
Bridger Insight by LexisNexis Risk Solutions is a comprehensive compliance, risk mitigation, and due diligence platform designed to help organizations meet their regulatory obligations while minimizing operational complexities. Primarily serving financial institutions, insurance companies, and other...
Quantexa's Decision Intelligence platform enables organizations to make informed, data-driven decisions by uncovering hidden insights within their data. Leveraging advanced artificial intelligence and machine learning algorithms, the platform integrates disparate data sources to create a single, uni...
Effectiv's Platform is a comprehensive fraud prevention and compliance solution designed to protect businesses from evolving threats while streamlining operations. The platform combines advanced machine learning with rule-based logic to detect and mitigate risks across multiple channels, including a...
Elliptic Navigator is an advanced crypto transaction monitoring solution designed to detect and prevent illicit activity across the blockchain ecosystem. Built for scalability, it enables businesses, financial institutions, and regulators to monitor cryptocurrency transactions in real-time and at sc...
Enterprise Real Time by Alertspeed.ai is a robust, real-time financial crime and fraud detection platform for large-scale financial institutions. This solution leverages the company's patented AI and machine learning technologies to provide instant risk assessments and transaction monitoring across ...
Facctum's Transaction Monitoring solution, branded as FacctGuard, is a cutting-edge platform designed to revolutionise financial crime detection. By combining real-time monitoring with intelligent algorithms, FacctGuard enables financial institutions to detect and respond to suspicious activities ef...
DataVisor's FinCrime and AML solution is designed to help organizations detect and prevent financial crimes, including money laundering and terrorist financing. By leveraging advanced analytics and machine learning, the platform identifies suspicious activities and transaction patterns that may indi...
Fingerprint Pro is a device intelligence platform that accurately identifies and tracks users across browsers and devices, even in incognito mode. Utilizing advanced fingerprinting techniques, it generates stable visitor identifiers, enabling businesses to prevent fraud, personalize user experiences...
Firco Compliance Link from LexisNexis Risk Solutions is a comprehensive, centralized compliance screening solution designed to help financial institutions and other regulated organizations effectively detect, manage, and mitigate risks related to sanctions, money laundering, terrorist financing, and...
Fraud.net's AI Risk Platform is a comprehensive solution for detecting and mitigating fraud across various industries. The platform combines advanced artificial intelligence, behavioral analytics, and global threat intelligence to identify anomalies and suspicious activities in real-time. ...
Hawk:AI Transaction Monitoring solution detects and prevents suspicious financial activities in real-time, ensuring compliance with anti-money laundering (AML) regulations. The platform uses machine learning and advanced analytics to identify unusual transaction patterns and behaviors, flagging pote...
NICE Actimize AML Platform is a comprehensive solution for detecting, preventing, and reporting money laundering activities. Leveraging advanced analytics, machine learning, and behavioural modelling, the platform can monitor transactions in real-time, identifying suspicious patterns and ensuring co...
ComplyAdvantage's Ongoing Monitoring solution provides continuous oversight of customers, transactions, and business relationships to detect emerging risks. This solution automates the monitoring process, ensuring that businesses remain informed of changes in risk profiles without the need for manua...
The Oscilar Platform is an AI-driven risk decisioning solution designed to help financial institutions manage onboarding, fraud, credit, and compliance risks. It offers a no-code, natural language interface, enabling risk teams to operate autonomously, increase approval rates, and reduce fraud. The ...
RiskNarrative, offered by LexisNexis Risk Solutions, is a comprehensive decision-making platform designed to streamline customer onboarding and risk assessment processes. By analyzing customer data, the platform identifies risks associated with fraud, financial crime, and regulatory compliance in re...
SAS Viya is an open, cloud-native AI and analytics platform that provides a comprehensive suite of tools for data management, analytics, and machine learning. It enables organizations to process and analyze large volumes of data, develop predictive models, and deploy analytics solutions at scale. SA...
SensaAI for AML by SymphonyAI augments existing AML transaction monitoring systems with AI that identifies emerging criminal behaviors while significantly reducing false positives. Detection engine agnostic, it enhances any setup to uncover suspicious activity that existing systems may miss, providi...
SEON AML Screening provides comprehensive tools to help organizations comply with anti-money laundering (AML) regulations. The platform enables real-time screening of customers and transactions against global sanctions lists, politically exposed persons (PEP) databases, and adverse media sources.
Socure Document Verification, known as Predictive DocV, is an automated service that expedites onboarding and reduces fraud by verifying government-issued IDs. It combines machine learning with computer vision to authenticate documents and match them with user-provided information, delivering auto-d...
Socure ID+ Verification is a comprehensive digital identity verification platform that utilizes advanced AI and machine learning to analyze various identity attributes, including name, email, phone number, address, and more. By integrating data from multiple authoritative sources, it provides real-t...
ComplyAdvantage's Transaction Monitoring solution is a powerful tool for detecting suspicious financial activities and ensuring compliance with anti-money laundering (AML) regulations. The platform leverages advanced analytics and rule-based scenarios to identify unusual patterns and flag potentiall...
TRM Wallet Screening enables organizations to screen cryptocurrency wallets in real-time to assess risk and identify potential connections to illicit activities. This solution is ideal for compliance teams, exchanges, and law enforcement agencies, providing instant wallet risk assessments based on a...
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Watchlist Screening by Alertspeed.ai provides an advanced solution for real-time customer screening against sanctions, politically exposed persons (PEPs), and other high-risk entities. The product leverages AI-driven algorithms to ensure accurate matches across global watchlists while minimizing fal...
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