Valley Bank cuts AML false positives 65% using AI
3 banks fined for lax AML practices in 2024
Valley Bank is investing in anti-money laundering capabilities as its peers face regulatory repercussions for AML practices. The $62 billion bank has been using Tara, the AI AML agent from digital solutions provider WorkFusion, for a year, Chris Phillips, director of anti-money laundering compliance at Valley Bank, told Bank Automation News. “Financial crime is growing […]
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