An estimated 2 – 5% of global GDP is laundered every year by criminal gangs and terrorists. Authorities worldwide impose myriad regulations in an effort to tackle the problem. These regulations vary by jurisdiction and can change at pace that creates a significant burden for many financial institutions.
We are award-winning transaction monitoring experts using proven machine learning analytics and artificial intelligence algorithms to beat increasingly sophisticated criminals. Our AI risk platform NG|Screener integrates internal and external sources of data to look for anomalies in behavior. It is capable of monitoring large volumes of transactions highly accurately, significantly reducing false alerts to improve operational efficiency and cut banks’ costs.
Our AML transaction monitoring solution is integrated, flexible, pre-built and scalable – where proven AML rules can be combined with an innovative behavioral analytics and AI to monitor transactions across all channels. Through a library of scenarios and machine learning, it delivers invaluable protection from day one. It can detect money laundering activities as a standalone solution or together with NetGuardians fraud prevention for intelligence sharing and faster detection of previously unknown criminal patterns .
NetGuardians was named a global leader in the 2021 Aite-Novarica report on Fraud and AML Machine Learning Platforms. It was ranked best in class for client strength and client service.
Banks that use NetGuardians had reported to Aite-Novarica that the vendor was “very attentive, responsive and competitively priced” and that they were “very satisfied with the platform’s features and functions… [and] with the performance of the platform’s detection rates and accuracy.”