The financial crisis and subsequent tsunami of regulation drove FIs to address financial crime in a big way. Unfortunately, no truly valuable technology was available to help institutions address these compliance demands and the scrutiny that ensued. Firms had to throw bodies at the problem and amassed legions of employees to manually analyze and address financial crime and compliance demands.
This doesn't work. Its labor-intensive, error prone, rigid and ineffective. Intelligent Automation is the key to addressing these fundamental drawbacks.
The Arachnys platform can be "trained" to automate your financial crime prevention & compliance processes and provide prescriptive recommendations for accurate risk assessments. The level of automation is regularly enhanced for each task conducted in the platform. This improves research quality and consistency and reduces research time. Enhancements includes:
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