Introducing Applied Machine Learning, generative AI, and Analytical Capabilities for Real-Time Oversight and Enhanced AML Operations in Fintech and Banking
The complexity of AML programs places a heavy burden on financial institutions navigating a maze of global risks, with money laundering estimated to be 2-5% of global GDP, amounting to up to
Oscilar's unified AI-Powered AML Risk Platform monitors AML and Fraud risks, employing foundational AML rules with generative AI (Gen AI) and Machine Learning models for real-time detection, investigation, and enhanced collaboration between sponsor banks and fintechs. The platform revolutionizes AML operations with Oscilar AI, a Gen
Oscilar's AI-Powered AML Risk Platform is already being used by a number of fintechs, financial institutions, and sponsor banks for customer onboarding, transaction monitoring, compliance visibility, and regulatory reporting needs.
"Oscilar's expanded AML Risk platform capabilities, such as the GenAI Co-Pilot and Mission Control Dashboard, have the potential to be a game-changer for compliance operations. These innovations promise insights and oversight that were previously unimaginable," shares
"By advancing our AML solution with these latest capabilities, we reinforce our commitment to enabling financial innovation while ensuring stringent compliance and security," states
Oscilar AI, A GenAI-Powered AML Co-Pilot: Assisting AML Investigations, Analytics & Compliance Explainability
Oscilar AI, Oscilar's AML Co-Pilot, provides real-time intelligence to AML teams, such as AI-generated case summaries, SAR narratives, and search recommendations, enabling AML teams to make decisions in minutes.
AMLOps Visibility and Control: Redefining Compliance Oversight
Oscilar's AML Risk Platform features a Mission Control Dashboard, providing both sponsor banks and fintechs with a comprehensive overview and thorough oversight of AML programs. The integrated Case Management experience connects alerts, investigations, reporting in real-time to give fintechs and sponsor banks a unified workspace to collaborate.
Applied AI for AML: Elevating Detection and Alert Efficiency with Auditable Models
Oscilar boosts AML teams' efficiency with AI models for Alert Prioritization, Link Analysis, and Suspicious Activity Monitoring. These models are supported by Human-In-The-Loop techniques and a Fairness and Governance Model, ensuring unbiased detection and full traceability.
Transparent AML Workflows and Scenario Testing: Streamlining Compliance
Oscilar's AML Risk Platform offers quick AML setup, flexible data integration, and a no-code interface. Utilizing generative AI for intuitive rule writing provides an adaptive AML compliance approach, enhancing efficiency and transparency for fintechs and banks.
"Oscilar is committed to help shape the future of AML compliance by harnessing the power of generative AI, collaborating with regulators, and leveraging applied Machine Learning and automation to uncover complex AML scenarios. Our mission is to bring increased speed, transparency, and efficiency to AML programs across the financial ecosystem while reducing operational costs and risk," states
Learn more about Oscilar's AI-Powered AML Risk Platform by visiting https://oscilar.com/blog/ai-powered-aml-risk-platform.
About Oscilar
Oscilar stands at the cutting edge of financial compliance and risk management technology, delivering AI-driven solutions that redefine how fintechs and sponsor banks achieve regulatory compliance, enhance security, and foster growth. With Oscilar, partners gain access to innovative tools and capabilities that streamline compliance processes, ensuring a secure and compliant path to financial innovation. Oscilar, which was co-founded in 2021 by Confluent (NASDAQ: CFLT) Co-founder
CONTACT: press@oscilar.com