Quantifind Launches Transformative Payments Risk Intelligence Solution
Slice of Finance Team
07/01/2024
Key Highlights:
- Unmatched accuracy and scalability in payments risk management.
- Proactive risk analysis covering pre-, during, and post-alert generation.
- Reduced false positives and improved detection rates.
- Automated network analysis and workflow optimization.
- Enhanced surveillance capabilities with AI-driven solutions.
Source (PR Newswire)
Quotes
“ "In today's fast-moving payment landscape, traditional surveillance methods are insufficient to protect against financial crime. Scalable AI solutions are needed to navigate the massive reach of modern commerce and identify potential risks. Partnering with Quantifind offers cutting-edge AI technology to enhance payments surveillance capabilities with reduced false positive rates, even when the counterparties are not well known." ”
Scott Nathan, Managing Director at Citi
Our Take:
Quantifind's introduction of its Payments Risk Intelligence solution marks a significant leap forward in the domain of payments risk management. The traditional approaches of transaction screening and monitoring have long struggled with high false positives and an inability to adapt to evolving threats. Quantifind’s innovative solution leverages AI to proactively analyze risk with remarkable accuracy and scalability, addressing these pain points head-on. This advancement not only enhances the efficiency and effectiveness of detecting financial crimes but also streamlines workflows, reducing operational burdens on financial institutions. As the financial landscape continues to evolve, such AI-driven solutions will be indispensable in maintaining the integrity and security of global payment systems.
