Valley Financial institution cuts AML false positives 65% utilizing AI


Valley Financial institution is investing in anti-money laundering capabilities as its friends face regulatory repercussions for AML practices.  The $62 billion financial institution has been utilizing Terra, the AI AML agent from digital options supplier WorkFusion, for a yr, Chris Phillips, director of anti-money laundering compliance at Valley Financial institution, informed Financial institution Automation Information.  “Monetary crime is rising […]



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