Now, many governments around the world, and multinational groups like the Financial Action Task Force, are working day in and day out to make sure that Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations are in place to ensure that exchanges understand and verify the identities of their participants and report any suspicious activity — or face stiff consequences.
Traditional KYC and AML systems are outdated, disconnected, inefficient, incomplete, and costly. They produce too many false positives, miss many true positives, and require too much manual processing — all of which leaves your exchange exposed and vulnerable.
Enter Merlon Intelligence.
In a word, indexing. Our AI-enabled Financial Crime Compliance (FCC) platform brings together the most advanced Artificial Intelligence, Natural Language Processing, Machine Learning, and cloud technologies to accumulate and understand massive amounts of customer data and give you a unified view.
More specifically, our platform consists of:
to ingest open source data from sanctions lists, Politically Exposed Person (PeP) lists, aliases, permutations, relationships and identities.
to accurately assess and index the risk of customers in light of internally viewable Personally Identifying Information (PII) and information about a customer’s money and their transactions.
to aggregate open source news and information, regulatory and public filings, and data from the Dark Web and social media channels.
Our Intelligent Screening solution semantically reads news and information from dozens of industry sources, automates topic categorization, and resolves customer information with previously unattainable accuracy. This provides the compliance analyst with a unified customer onboarding experience.
Our Intelligent Assessment solution aggregates and accumulates pertinent risk-related information around each client by continually analyzing relevant industry news and information sources, understanding entities on various sanction lists, and collecting transactional activities and alert trending.
Our Intelligent Triage solution leverages Artificial Intelligence which brings all appropriate customer-related information to the compliance analyst to provide them with a single triage experience, and aggregate and accumulate alert information around the customer, not just the transaction.
A fine or penalty could severely damage the reputation of your exchange, decimate investor trust, and negatively impact your bottomline.
You need an easy-to-use system that leverages the very latest technologies to deliver real results, effectively and efficiently, in order to stay ahead of ever-evolving regulations and scrutiny from regulators
Click on the button below to schedule a demo with our team so you can see firsthand how we’ve helped leading global banks and others better assess their customers' Financial Crime Compliance risk.See the demo