Watch this informative webinar featuring Symphony AyasdiAI’s Doug Stevenson, VP, Global Head of Financial Services and Gurjeet Singh, Chief AI Officer, with Crowe’s Corey Cardine, Global Financial Crimes, Data Analytics
In most AML processes, subject matter experts make the determination of the rules or scenarios around what should trigger an investigation. Symphony AyasdiAI’s technology automatically assembles self-similar groups of customers and customers-of-customers. This allows the bank’s subject matter experts to tune the thresholds within each scenario but from a principled starting point.
A critical, often overlooked step, in AML workflows is the ability to explain what has driven the creation of these groups and the optimization of thresholds within the scenarios. Symphony AyasdiAI provides complete transparency into what is driving the segmentation and the ranking and produces the complete documentation workflow including simple decision trees that can be shared with internal model governance boards and external regulators.
Symphony AyasdiAI’s AML solution is constantly looking at newly arriving data, identifying changing patterns and suggesting updates to segments and rankings based on that information. As a result, subtle patterns suggesting emergent behavior is identified for the subject matter experts to consider.