Fraud detection and anti-money laundering
Advanced fraud detection and anti-money laundering solutions.
Safeguard transactions with real-time monitoring and alerts.
Project Overview
Industry: Financial Services
Scope: AI-driven fraud prevention and AML compliance
Project Duration: 6 months
Team Size: 3 AI engineers, 2 compliance specialists, 1 risk manager
Business Challenge
The client faced rising fraud attempts and regulatory pressure. Key issues included:
- High volume of false positives overwhelming staff
- Slow fraud detection delaying response
- Gaps in AML compliance monitoring
- Financial losses and reputational risks
Our Approach
We created an AI system for real-time fraud detection and AML monitoring.
Capabilities:
- Real-time anomaly detection on transactions
- Risk scoring for suspicious accounts
- Automated alerts and case prioritization
- Compliance reporting automation
Results
- 70% reduction in fraud losses
- 60% fewer false positives
- Faster regulatory reporting cycles
Business Impact
- $8M annual savings from reduced fraud
- Lower compliance risks and fines
- Stronger trust with regulators and customers
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