Finextra: BAE Systems improves AML screening algorithm

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Celent have reviewed this profile and believe it to be accurate.
15 October 2018

According to one study by Celent, banks typically report between 50 and 65 per cent of their analysts’ time is spent doing low level tasks of data collection, cleaning, and aggregation. Some banks placed this figure at 80 per cent of an investigator’s time[1]. Reducing the volume of false alarms to be sorted by hand can dramatically improve the effectiveness of investigators.

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News article details

Sector
Banking, Corporate Banking, Retail Banking
Media Type
News Articles
Location
Asia-Pacific, EMEA, LATAM, North America