Overview of Technology Solutions

Abhishek Gupta (), Dwijendra Nath Dwivedi and Jigar Shah ()
Additional contact information
Abhishek Gupta: Effiya Technologies Private Limited
Dwijendra Nath Dwivedi: Cracow University of Economics, Department of Economics and Finance
Jigar Shah: Effiya Technologies

Chapter Chapter 3 in Artificial Intelligence Applications in Banking and Financial Services, 2023, pp 25-39 from Springer

Abstract: Abstract The chapter provides an overview of the technology solution suite that is required for managing and combatting financial crimes. It provides functionality of KYC, onboarding risk solution, financial transaction monitoring solution, the case investigation, and the reporting module. The chapter provides key functionalities that are required of the technology solution. It also provides overview of the technical requirements. Any financial institution shall be able to review them and can create their specifications both functional and technical through this chapter. With the digitization theme shaping in various financial crime control units, the chapter discuss key themes within AI and digitization that are shaping up the AML market. The next section focus on overview of the AML market along with the key features that the customers look for, when they search for such a product in the market. It also highlights key product and service elements which make a product win or lose customer preference in the market.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:fuobcp:978-981-99-2571-1_3

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DOI: 10.1007/978-981-99-2571-1_3

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