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Artificial Intelligence in KYC-AML

In this report, commissioned by NextAngles, Celent discusses several challenges plaguing financial institutions’ Know Your Customer (KYC) and Anti-Money Laundering (AML) operations, and proposes how Artificial Intelligence (AI) enabled solutions can mitigate the challenges.

The 3 key questions that the research addresses are:

  1. How resource-intensive are KYC-AML operations for banks?
  2. What are the key operational challenges in KYC- AML?
  3. How can AI solutions help in banks’ KYC-AML operations?

This research greatly benefitted from detailed discussions with representatives from five major financial institutions and its recommendations are substantiated with industry use cases and examples.

File Weight: 258 KBFile Type: PDF Adobe PDF

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