The Gartner Banker’s Guide to AML Tools for Productivity* Research highlights how banks can significantly enhance productivity and efficiency with AML tools.
We’re thrilled to announce that XTN Cognitive Security has been featured in the latest Gartner report, Banker’s Guide to AML Tools for Productivity, authored by Pete Redshaw, an analyst for the Banking team (Core Capabilities & Technologies) within Research and Advisory at Gartner. This insightful guide highlights how banks can significantly enhance productivity and efficiency with AML tools. It emphasizes that CIOs should balance improved risk scoring with more effective AML case investigations to fully capitalize on these opportunities.
AML and Fraud convergence (FRAML) have lately been representing a turning point in the world of fraud and money laundering prevention, offering financial institutions the tools they need to effectively and efficiently address current challenges. With its holistic approach, AI evolution, and ability to adopt a proactive strategy, FRAML emerges as an essential component of financial institutions’ security strategy for the future.
We at XTN were pleased to contribute to the research by sharing our insights on the topic with other industry vendors. Recognizing our client’s needs and challenges, we have naturally shifted towards a platform that simultaneously tackles fraud and AML concerns.
This enables us to provide real-time insights into AML through risk scoring and identifying suspicious behaviors via user behavior analysis. By providing a unified platform to evaluate transaction risk for both fraud and AML, we give customers a complete solution, saving on extra costs and easing team workloads.
Discover many more interesting insights by watching the recent FRAML-themed webinar we held with Gartner here and discover 8 Trends Driving Fraud and AML Integration.
*Banker’s Guide to AML Tools for Productivity, Pete Redshaw, 13 August 2024
