AI Transaction Monitoring: Revolutionizing Financial Crime Detection
Financial institutions are currently handling so many transactions that run into millions each day, with no regard to borders, currencies, or platforms in this digital economy. The traditional methods of transacting monitoring are no longer effective as financial crime becomes more sophisticated and frequently committed. This is where AI transaction monitoring is coming in to change the game in terms of the way banks, fintechs, and regulatory bodies prevent the laundering of money, fraud, terrorist financing, as well as other …