Arachnys harnesses the world’s information to make the world a safer place. We are passionate about helping financial institutions revolutionize the way bad actors are thwarted -- to secure our collective futures. And everyone who works at Arachnys shares a common destination to deliver on that vision -- we strive to build superior Know Your Customer (KYC), Anti-Money Laundering (AML) and Enhanced Due Diligence (EDD) solutions, and a great company that does good in the world.
Arachnys and AI to Reduce False Positives, Joan McGowan, Celent Research
In Part 1 of this two-part report, AI Made to Reduce False Positives, Part 1: Detection Capabilities and Use Cases, Celent looks at the limitations of transaction monitoring systems and the crippling impact of high false positive rates on the industry.
The report explains the causes of false positives and shows why artificial intelligence (AI) has the potential to be a powerful accelerator of surveillance systems and more accurate risk identification. It also explores the combinations of AI technologies that can be leveraged to help reduce false positive rates, while being explainable to the regulators.