Automated AML for banks--and why explainability matters

If you want to automate as much of your anti-money laundering (AML) processes as possible to end the painful cycle of hiring and firing, or you're aware your current AML controls are not dynamic and explainable and it's finally time to do something about it, this blog post is for you. First off, digitally transforming a compliance function can sometimes seem like attempting to service a Boeing 747 engine at 35,000ft. The reality couldn't be more different. New platform technologies, designed for non-technical business users, enable any bank to easily implement transformative change to the automation of their AML processes. And getting set up can be achieved in a matter of weeks.