Beyond Analysis has launched a new sister company Beyond AML which will assist financial institutions to leverage applied intelligence, data analytics and machine learning to optimise their end-to-end anti-money laundering (AML) processes.
Beyond AML will deploy artificial intelligence technology and synthetic data techniques, to build insights into client and transaction activities and behaviours.
It will also provide security for financial institutions to implement technologies to drive automation and speed, as well as maintain a robust AML compliance programme.
Paul Alexander, group CEO of Beyond AML, commented: "Where issues have been identified in the AML process, we step in to uncover what is causing the problems and importantly provide a resolution, making savings to time and cost and improving the effectiveness and efficiency of the business."
