Regulatory DataCorp, or RDC, has just unveiled AI Review, an artificial intelligence-backed compliance screening solution.
The new tool is able to leverage RDC’s database of risk-relevant information and customer data to screen customers and prevent criminal activities and boost compliance.
RDC expect that companies using AI Review will see a 90% increase in batch processing speed and up to a 90% reduction in false positives alerts compared to unreviewed inquiries.
“Our global financial system is rapidly becoming more integrated and more complex, leading to greater pressure on financial institutions to screen and keep out bad actors,” said Tom Walsh, CEO of RDC.
“New and powerful technologies, like AI, can help institutions analyze enormous amounts of data and assess and highlight the risks that are most relevant. AI Review will enable financial institutions to be responsive to their customers with the quickness they expect without compromising on the accuracy and thoroughness of screening processes.”
In the past, RDC has released a service that screen for human trafficking violations.
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