Featurespace has built ARIC Risk Hub, a holistic financial crime solution, by working as a technology partner to combat fraud and money laundering.
Financial crime costs the global economy $2.4 trillion annually (Refinitiv). The societal impact includes terrorist financing, drug and people trafficking, government corruption and arms’ funding. Criminals are technically sophisticated – obtaining illegitimate funds from fraud and laundering them through the financial system.
Financial institutions are in a front-line battle to report suspicious activity to regulators and protect their customers. To survive – and thrive – means going beyond rules and static models to take advantage of technology which can manage converging data sets. Harness the power of machine learning technology and Adaptive Behavioral Analytics to detect and prevent fraud and financial crime, in real time.
Download the ARIC™ Risk Hub Brochure to read more.
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