Changing the Rules: The Evolution of Transaction Monitoring
Technology, Data and Domain Expertise in AML Suspicious Activity Detection

Money laundering schemes continue to grow more complex, and transaction monitoring programs of the past simply can’t keep up. Risk is dynamic, and financial institutions need to be able to adapt accordingly. The traditional static, rules-based approach on its own is no longer sufficient. To detect more suspicious activity and increase precision, financial institutions need to augment their strategy with advanced detection technologies.

NICE Actimize can provide the tools and knowledge to future-proof your program.

In this white paper by Celent, you’ll learn how to increase your detection effectiveness, such as:

• What data gathering and cleansing techniques can enhance activity monitoring
• How to enhance detection tools to drastically increase suspicious activity identification
• What orchestration with other risk and compliance solutions is required to achieve ongoing optimization