QuantaVerse signed a renewal agreement with Bci Miami, the U.S. arm of Banco de Credito e Inversiones of Chile. The agreement continues the bank’s use of the QuantaVerse Financial Crime Investigation Platform to support its financial crime compliance efforts.
Many banks – particularly global and large regional banks – find themselves lacking in the sophisticated financial crime domain expertise, information technology and data analytic skills necessary to keep up with ongoing and evolving Anti-Money Laundering (AML) regulatory mandates and regulators’ expectations, let alone get out in front of them.
This white paper explains how transaction monitoring systems (TMS) can be enhanced with AI and machine learning to reduce risk and drive down AML costs.
The cost of money laundering equates to approximately 2.7 percent of the annual global GDP and preventing it has become an increasingly essential expense for financial institutions.
QuantaVerse, the first in the market with artificial intelligence (AI) solutions purpose-built for identifying financial crimes, today announced it has signed an agreement with Cathay General Bancorp…