FIS Partners on Compliance and Risk Management HUB

Financial technology leader FIS announced the first in a new series of solutions developed in partnership with C3 AI to help capital markets firms tap into the power of their organizational data to increase efficiency and better manage regulatory compliance and risk. The AML Compliance Hub leverages C3 AI’s machine learning technology, combined with the financial industry domain expertise of FIS, to improve the efficiency of financial crime detection. Designed to help capital markets firms fight the increasing threat of financial crime, the machine learning-based platform aggregates and analyzes client data across disparate systems to enhance AML and KYC processes, improving decision-making and reducing false positive alerts. The FIS Compliance Hub provides a dashboard view where users can view reports and receive alerts as to key risk drivers, suspicious activity, and AML scoring. By reducing false positives, organizations can focus on true threats that require dedicated attention and timely action.