Nasdaq Launches AML Investigation Technology

Nasdaq announced the launch of the cloud-deployed Nasdaq Automated Investigator for AML, the first automated solution for investigating anti-money laundering (AML) for retail and commercial banks and other financial institutions. Designed, built and offered in partnership with UK-based Caspian, Nasdaq Automated Investigator for AML expands Nasdaq’s global efforts in combatting financial crime and promoting market integrity in the capital markets and beyond. The Nasdaq Automated Investigator ingests alert data from any transaction monitoring system, collates all of the necessary data required for analysis, analyzes the data and then replicates complex human decision making to provide a clear, auditable justification for all alerts regardless of volume, and in seconds. The technology is powered by multiple variants of artificial intelligence including both supervised and unsupervised learning in conjunction with business rules to provide a significant increase in operational efficiency. Beyond AML, Nasdaq sees broad applicability for this new category of solutions that the Nasdaq Automated Investigator has established and plans to roll out functionality across complementary financial crime segments in the future.