Fineksus and Neterium partner for AI-driven AML
For years, banks and regulated entities have been using solutions designed in the last decade, with low efficiency having a devastating effect on compliance costs, and only a marginal real impact on illegal activity.
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The current technology stack, including machine learning, standard APIs and cloud deployment, allows for a completely new approach.
Fineksus, the leading Financial Messaging and Anti Money Laundering vendor in ME & Turkey, today announced it has partnered with Neterium to propose a new Money Laundering detection solution, using their 40 years of combined experience in AML to bring radical innovation to the domain.
The new solution, brought to the market under the brand Finoxys, uses Neterium’s advanced watchlist screening and scoring engine, as well as Fineksus’ proprietary AML technology. The Finoxys solution has a strong focus on efficiency, and provides real-time detection of suspicious activity. The solution is Cloud-based, with an API-first approach and uses AI to optimize precision.
The solution is entirely built on Microsoft Azure. Fineksus and Neterium both are Microsoft partners.