A leader and innovator in anti-money laundering (AML), sanctions and anti-bribery compliance, Navigant Consulting Inc., has announced that they will be collaborating with a leader in machine intelligence, Ayasdi to produce an artificial intelligence (AI) and machine learning technology geared towards improving compliance programs in order to detect and prevent financial crimes.
Navigant has a reputation for being well versed in the financial compliance and regulatory fields. The firm assists their clients with business management using a worldwide team of financial regulators, former law enforcement, and former federal and state prosecutors that operate as a court and government appointed monitors for financial institutions.
Ayasdi, developed by Stanford computational mathematicians, has been recognized by Chartis, a risk technology research firm, for the 2nd year in a row in the 2018 RiskTech 100 rankings as a leader in machine and artificial intelligence software. Ayasdi deals with the financial industry’s most complex financial crimes and regulatory risks through the use of its intelligence applications.
Navigant and Ayasdi will be assisting clients with their new machine, designed to detect when financial crime occurs which will further improve AML, anti-corruption, and anti-bribery compliance. They will also be working with financial companies to develop documentation and comprehensive testing protocols to ensure success with the new technology. Together, Navigant and Ayasdi will improve the performance of current AML transaction monitoring and sanctions compliance technologies without the companies needing to replace existing software.
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