Belarusian Banks Turn to ACTICO Anti-Money Laundering Software for Enhanced Security and Efficiency
In an effort to ensure compliance with anti-money laundering (AML) regulations, Belarusian banks are increasingly adopting innovative software solutions that leverage cutting-edge technologies such as artificial intelligence (AI) and machine learning. One such solution is ACTICO Anti-Money Laundering, a next-generation AML software designed specifically for the financial sector.
Key Features of ACTICO Anti-Money Laundering
- Automated checking: Automated checking of transaction or personal data against defined scenarios (Rules)
- AI-Ready: Combination of rules with machine learning processes/models
- Cloud-based operation: Operation as SaaS in the ACTICO Cloud or its own infrastructure
- Fast distribution and scaling: Fast software distribution and scaling when parameters/volumes change
- API integration: APIs for integration into other systems such as the core banking system
Benefits of ACTICO Anti-Money Laundering
- Reduce costs and risks: Utilize standards, adapt to individual requirements, and rely on expertise
- Technology standards: High technology standards enable fast response times for security updates and software distribution
- Increase security: Dashboards, intuitive user guidance, and centralized case management support the specialist department in processing hits
Innovative Features of ACTICO Anti-Money Laundering
- Machine Learning-Driven Risk Classification: Automatically derives a risk class from factors such as customer risk, product risk, transaction risk, country risk, and sales channel risk
- Automated Transaction Monitoring: Analyzes transactions and business transactions on a risk-oriented basis
- Customized Reports: Generates reports based on prepared data
Implementation Options
- SaaS or self-hosted infrastructure: ACTICO Anti-Money Laundering can be implemented as a SaaS solution or in its own infrastructure, offering flexibility for operations
Benefits of Using Machine Learning in AML
- Reduces False Positives: Eliminates around 40% of false positive cases through machine learning models trained automatically from historical, clarified cases
- Increases Efficiency: Simplifies and accelerates processes by automating repetitive tasks and reducing manual intervention
By adopting ACTICO Anti-Money Laundering software, Belarusian banks can expect to benefit from enhanced security, reduced costs and risks, and increased efficiency. With its innovative features and cutting-edge technology, ACTICO is poised to help Belarusian banks stay ahead of the curve in the fight against money laundering.