Question: I need a platform that can help me comply with AML regulations and perform continuous watchlist screening, do you know of any?

First, ComplyAdvantage is an AI-powered fraud and AML risk detection platform. It automates manual processes, reducing false positives by 80% and optimizing compliance workloads. With real-time transaction monitoring and a calibrated risk approach, it helps businesses stay on top of compliance while adhering to FATF recommendations. The platform is used by over 1000 leading businesses around the world.

Another powerful option is Nasdaq Verafin, a financial crime management platform. It pools data from multiple institutions for better security and efficiency. With machine learning and consortium analytics, Verafin spots unusual payment patterns and helps manage AML and CFT risks. It also offers secure 314(b) information sharing for collaborative investigations, making it a good option for financial institutions looking to improve fraud detection and regulatory reporting.

If you prefer a more AI-native approach, Flagright offers AML compliance and fraud prevention services for fintechs and banks. Its features include automated case management, AI-based risk scoring and real-time transaction monitoring. Flagright says it cuts manual task hours by 40%, false positives by 80% and productivity by 200%, so it's a good option for businesses looking to improve efficiency and compliance.

Last, SEON offers a fraud prevention and AML compliance platform with a focus on advanced digital footprinting and machine learning. It monitors user activity in real-time and provides AI-powered insights to spot fraud. SEON lets businesses automate fraud checks and stay on top of regulatory requirements, making it a good option for a variety of industries.