Temenos launches AI-based Suspicious Activity Prevention to combat fraud in real-time - The Fintech Times

Temenos (SIX:TEMN), the banking software company, expanded its financial crime mitigation product to include an AI-based Suspicious Activity Prevention solution protecting banks and their customers from fraud. Demand for financial compliance and the increasing levels of financial crime are putting huge pressure on banks. Their legacy processes have grown so complex with a high level of manual work for screening alerts and other fraud mitigation activities. Each manual step is inefficient and prone to errors. High level of false positive rates exacerbate this problem.