Question: Is there a tool that can help streamline AML compliance processes and reduce manual reviews?

If you're looking for a tool to automate AML compliance processes and reduce manual reviews, Flagright is a strong contender. Flagright is an AI-native platform for fintechs, banks and financial services companies that includes automated case management, AI-based risk scoring, real-time transaction monitoring and a collaborative console. The company says it reduces manual task hours by 40% and false positives by 80%. That's a good way to boost compliance and productivity.

Another broad option is Nasdaq Verafin, a financial crime management platform. Verafin pools data from hundreds of institutions for better security and efficiency. It includes machine learning-based fraud detection, targeted analytics for AML and CFT management, and high-risk customer management. The company says it reduces false positives and streamlines investigations to help financial institutions meet regulatory requirements.

SEON offers a fraud prevention and AML compliance platform that uses advanced digital footprinting and machine learning to stop fraud and automate compliance. SEON monitors user activity in real time, provides AI-powered insights and lets you set up rules to catch fraud and automate compliance. It's available through APIs or the AWS Marketplace and is used by more than 5,000 online businesses.

If you're looking for something more focused, check out Sardine. It gathers deep device intelligence and behavioral biometrics to spot and stop a variety of fraud types. That includes identity fraud prevention, account takeover, payment fraud and anti-money laundering, among others. Sardine uses machine learning models trained on more than 4,000 features to spot fraud and offers a no-code rule editor so you can integrate and fine-tune it for your needs.