Broadridge Announces Anti-Money Laundering Solution

Broadridge Financial Solutions, Inc.  announced the launch of the Broadridge Anti-Money Laundering Solution (AMLS), bringing new, capabilities to Broadridge’s existing Intelligent Automation suite. The new solution delivers an end-to-end machine learning (ML) powered Anti-Money Laundering platform covering transaction monitoring, name screening, alert prioritization, and customer risk scoring. The Broadridge AMLS is for firms and institutions looking to enhance their anti-money laundering surveillance to detect illicit money flows and bad actors. Broadridge’s product, powered by Tookitaki, is an ML-based AML platform that global financial institutions can use to substantially decrease false alerts and realize productivity gains while improving risk mitigation. It leverages machine-learning techniques like AutoML, federated learning and network science to accurately detect complex money laundering activities and triage legacy system alerts through a Smart Alert Management system to accurately prioritize alerts for either rapid disposition or increased due diligence.