This enables banks and financial institutions to identify complex and hidden AML patterns. It helps organizations to meet their most critical challenge of managing high false positives and provides a holistic view of investigating an alert. AMLOCK Analytics uses various statistical methods and machine learning algorithms to derive analyses and predictions based on institution specific historical data. Ravikanth Sama, Global Head- AML Practice, 3i Infotech said, "AMLOCK Analytics blends both the traditional rule-based system and the power of Analytics to bring better efficiency & risk focus. It can be hosted both on-premise and on cloud infrastructure. The solution provides a probability score indicating the chances of closing an alert based on the past actions taken by the users on similar alerts. AMLOCK Analytics improves the conversion rate of Suspicious Transaction Report (STR) or Suspicious Activity Report (SAR), as it dynamically correlates between the alerts in which suspicious transaction reports have been generated and those that have been tagged as false positives by the investigators."

In the banking business, Digital Transformation means much more than just transactions, apps and automation. There's a whole new shift that will make banking a different experience altogether. Pivoted around customers experience, self-help and omni channel enablement, this new wave will define banking of the future. Standard Chartered India's CIO Mr Zuzar Tinwalla in an exclusive interaction with Muqbil Ahmar (DC), Executive Editor, dynamicCIO reveals some of the interesting dimensions of the company's digital journey and how it is reinventing itself to empower millennials. DC: Banking and finance sector is pioneering the adoption of Digital.