Comarch Anti-Money Laundering – Monitor transactions with unparalleled speed and precision
Comarch Anti-Money Laundering is a fraud detection software dedicated to financial institutions obligated to monitor, investigate and report transactions of a suspicious or unusual nature to financial investigation units. It optimizes the existing anti-money laundering processes by significantly enhancing the effectiveness of most commonly used – and inefficient – rule-based approaches. Mentioned traditional AML systems, characterize with high false-positive rates and inability to consider complex interdependencies between various activities carried out to launder money.
Comarch AML consist of four modules. First one is RPA for KYC, which improves the speed and quality of KYC checks. Next is Anomaly Detection module, that detects anomalies by AI and identify specific events which are commonly missed by humans. Later, there is Risk Ranking which thanks to AI is able to learn from historical cases and categorizes scores of suspicious transactions according to their probability of being a real money laundering attempt. Those ones below certain value are automatically closed or hibernated. The last module is Insight that provides AML data analysts and operations, risk or compliance managers with a visualization of statistics, detected anomalies and suspicious cases already ranked and arranged by categories in a clear and understandable way.