Belarusian Banks Boost Anti-Money Laundering Efforts with BANKiQ Solutions

Minsk, Belarus - A New Era in Combating Financial Crimes

As part of its ongoing efforts to combat financial crimes, Belarus has seen a significant increase in demand for advanced anti-money laundering (AML) solutions. To address this need, BANKiQ, a leading provider of AML software, has launched its Intelligent Anti-Money Laundering (IAML) solution specifically designed for the banking sector in Belarus.

AI-Powered Platform to Identify Suspicious Transactions

The IAML solution is an AI-powered platform that utilizes machine learning algorithms to identify suspicious transactions and monitor customer behavior data. By leveraging prepackaged STR rules as per FIU-RB and self-calibrating results, the solution provides ongoing adaptability to emerging threats and regulatory changes.

“We are committed to helping Belarusian banks stay ahead of the curve in AML efforts,” said [Name], CEO of BANKiQ. “Our IAML solution is designed to provide real-time monitoring and detection capabilities, allowing financial institutions to take a proactive approach to preventing money laundering activities.”

Traction Among Major Banks

The IAML solution has already gained traction among several major banks in Belarus, who have implemented the platform to enhance their AML capabilities.

For instance, [Name of Bank], one of the largest banks in Belarus, has successfully deployed BANKiQ’s IAML solution to streamline its AML processes. According to [Name of Bank] officials, the implementation of the solution has resulted in a significant reduction in false positives and improved overall efficiency.

Compliance with International Standards

The increasing demand for AML solutions in Belarus is driven by the country’s commitment to implementing international standards against money laundering and terrorist financing. The implementation of the IAML solution will enable Belarusian banks to demonstrate their compliance with these standards, while also enhancing their ability to detect and prevent illicit activities.

“By leveraging BANKiQ’s expertise in AML software development, we are confident that our financial institutions will be able to take a leading role in combating money laundering and terrorist financing,” said [Name], Head of the National Bank of Belarus.

Flexible Deployment Options

The IAML solution is available as an on-premise or cloud-hosted deployment option, providing flexibility for banks to choose the best fit for their specific needs. With its advanced cognitive and analytical capabilities, the solution also enables seamless integration with external data sources, ensuring a comprehensive view of customer transactions.

To learn more about BANKiQ’s IAML solution and how it can benefit Belarusian banks, schedule a demo today or visit our website at [BANKiQ Website].