To empower its shoppers in the fight towards economic crime, Computer Expert services has partnered with Featurespace to start a holistic anti-cash laundering (AML) solution: WatchDOG AML.
WatchDOG AML safeguards towards financial crime by figuring out suspicious exercise in genuine-time with an company transaction monitoring procedure.
Applying customizable machine finding out styles that utilize Featurespace’s award-profitable Adaptive Behavioral Analytics, WatchDOG AML reduces false positives whilst predicting and adapting to new threats through anomaly detection. This permits banking companies and payments suppliers to detect additional suspicious activity as it occurs, though also cutting down the variety of authentic transactions declined.
“As criminals relentlessly concentrate on financial systems, companies demand chopping-edge technologies for fraud detection and hazard management,” mentioned Kurt Guenther, CSI’s team president of Business Alternatives.
“By partnering with Featurespace, we’re delivering our buyers with a highly effective AML alternative that leverages the newest in equipment understanding to battle illicit exercise and ensure compliance.”
WatchDOG AML supplies a complete look at of hazard by analyzing human conduct to detect suspicious exercise though maximizing efficiency with routinely prioritized alerts.
“The means to comprehend authentic buyer actions will allow financial institutions and credit rating unions to extra precisely detect anomalies and more suspicious exercise so that only the most worthwhile alerts are passed along for assessment, even though also lessening untrue positives and bringing much more monetary criminal offense to gentle,” reported Dave Excell, founder and president of Featurespace.
“By applying our Adaptive Behavioral Analytics, CSI’s WatchDOG AML will help money institutions travel down possibility by checking transactions, and also helps the industry take an additional stage ahead in the fight towards this worldwide difficulty.”