September 20, 2024

How AI enhances AML and KYC practices by improving entity resolution

In this article:

Digital advancements, while beneficial, have inadvertently simplified the mechanisms for scammers.
However, they also equip compliance and risk teams with innovative tools to enhance their Anti-Money Laundering (AML) and Know Your Customer (KYC) frameworks.
A significant advancement is the integration of AI in improving the entity resolution process, crucial for identifying potential fraudsters.

https://fintech.global/2024/09/19/how-ai-enhances-aml-and-kyc-practices-by-improving-entity-resolution/

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