Tag: risk scoring

As alert volumes climb, many AML teams can show they are working hard, but struggle to prove they are working on the right things...

A global asset manager turned to Zeidler Group after recognising that its manual due diligence process was no longer fit for purpose. The firm had...

FinTech founders are often encouraged to prioritise rapid feature releases, with the assumption that compliance can be bolted on later. It is a message...

FinTech founders have long been told to prioritise speed over structure—launch fast and worry about compliance later. But this mindset can quickly backfire. When...

Explore why rules-based KYC remains vital despite AI advances. Learn how KYC Portal CLM keeps compliance efficient and auditable

Modern digital onboarding relies heavily on identity verification, the process of confirming that users are who they claim to be—without ever meeting them in...

In many banks, anti-money laundering (AML) alerts are handled in the order they’re received, not by the level of risk they represent. This outdated...

As financial crime grows more complex and voluminous, traditional AML systems are struggling to keep up. In 2023 alone, financial institutions in the US...

AML compliance teams are facing growing challenges in how they handle backlogs of alerts. Traditionally, banks and financial institutions have approached these backlogs by...

Ripping out and replacing anti-money laundering (AML) systems is no longer a practical option for most financial institutions. According to Consilient, deeply embedded legacy...