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Anyway you slice it, we have now not been doing an excellent job in stopping cash laundering.
It’s estimated that we solely catch 1-2% of all illicit cash flowing via the banking system. But as an business, we spend many billions of {dollars} on this struggle.
We want higher instruments.
In the present day, Oscilar unveiled a brand new platform to assist with this struggle. This AI-powered AML Threat Platform makes use of the newest expertise to offer real-time detection, investigation and enhanced collaboration between banks and fintech firms.
It’s constructed with the Banking-as-a-Service mannequin in thoughts to bridge the hole between the stringent regulatory necessities of conventional banking and the fast innovation of fintech.
The platform is already in manufacturing at each fintechs and banks immediately, with one compliance officer claiming it has “been a recreation changer for our compliance operations.”
We all know the criminals are utilizing the newest instruments. We will solely win this struggle by staying on the leading edge ourselves.
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> Oscilar Unveils AI-Powered AML Threat Platform: Reworking Compliance for BaaS
Uncover how Oscilar’s AI-Pushed AML Threat Platform revolutionizes compliance, providing fintechs and banks strong instruments to fight monetary crime successfully throughout the BaaS ecosystem.
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