Anti-Money Laundering (AML): KPMG and SAS developed an innovative solution to reduce the burden of AML compliance within existing programs. The approach involves the augmentation of AML transaction monitoring systems with artificial intelligence and machine learning models which can predict sizeable volumes of false positives. AML programs can be deployed both on- premises or hosted in the cloud. This results in a powerful model platform with custom hosting capabilities which allows for various tuning and enhancement of both the platform and workflows with an aim of being transparent for explainability and auditing.
Global insights on the adoption of AI in the fight against money laundering and financial crime
Making next-gen AML a reality with AI and Machine Learning
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