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AML Softwares

This category will list down the news and details regarding some AML software solutions which are in the market

January 30 2019 Mimiro announced today that it has raised $30 million to fuel global expansion of its financial risk analysis platform. Based in London, the company was previously known as ComplyAdvantage but has changed its name with this latest round of funding. The startup uses machine learning to detect and analyze the risk of...
November 2016 GFTrade can be utilized by customs offices or other departments that experience financial loss due to trade misinvoicing and are motivated either by a desire to collect correct taxes and tariffs or to prevent trade-based money laundering. Officials at ports or at points of inspection, scanning, documentation, or...
November 12 2018 Revolut has unveiled new machine learning technology intended to cut down on card fraud and money laundering, confirming it as a leading innovator in the Fintech field. Instead of being completely reliant on timely manual processes, Revolut is determined to tackle card fraud and money laundering with algorithms, leveraging...
August 24 2017 Mizuho Bank has selected IBM’s recently announced regtech offering IBM Financial Crimes with Watson *2 that efficiently manages all financial crimes investigation efforts through streamlined research and advanced investigation techniques. The Watson-powered software, which runs on the IBM Cloud, analyzes a wide range of data sources, including...
August 24, 2018 UNITED Overseas Bank (UOB) and Singapore-based regulatory technology startup Tookitaki Holding are partnering to apply machine learning technology toward anti-money laundering efforts. As part of the initiative, UOB is enhancing Tookitaki's Anti-Money Laundering Suite (AMLS) with co-created machine-learning features that will allow the AMLS product to conduct deeper...
January 6 2016 Al Baraka Bank Egypt has implemented SAS’ Anti-Money Laundering (AML) solution with the help of Data Gear to provide Foreign Account Tax Compliance (FATCA) across all of the bank’s branches. The new platform was deployed by Cairo-based Data Gear, using components of the SAS AML 6.2 solution. It...