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Integrating Analytics, RPA, and Machine Learning Can Help FIs Tackle AML Pain Points, Says Aite-Novarica Group


Integrating Analytics, RPA, and Machine Learning Can Help FIs Tackle AML Pain Points, Says Aite-Novarica Group

AML compliance executives must overcome insufficient data, inefficient systems and processes, limited budgets, and competing priorities

Still recovering from the effects of the global pandemic, financial institutions (FIs) face significant financial crime risks and their anti-money laundering (AML) compliance programs must balance many external and internal pressures. In a new Impact Report, Key Trends Driving AML Compliance Transformation in 2022 and Beyond, research and advisory firm Aite-Novarica Group examines the current AML ecosystem, key AML trends affecting FIs and their AML compliance functions, and how FIs invest in technology and innovation to tackle today’s ever-evolving risk landscape.

“FIs face many AML threats and challenges,” said Charles Subrt, Director of the Fraud & AML Practice at Aite-Novarica Group and author of the new report. “Looking to do more with less, AML compliance executives continue to invest in technology, data, and people. They aim to identify and protect against evolving threats and ensure regulatory compliance while supporting firm growth and success, uplifting the customer experience, and increasing operational efficiency.”  

preview of the report is available online, and desk copies are available to qualified media. Please contact [email protected] or call Kaitlyn Labbe at +1.857.327.9442 for more information.

About Aite-Novarica Group:
Aite-Novarica Group is an advisory firm providing mission-critical insights on technology, regulations, strategy, and operations to hundreds of banks, insurers, payments providers, and investment firms—as well as the technology and service providers that support them. Comprising former senior technology, strategy, and operations executives as well as experienced researchers and consultants, our experts provide actionable advice to our client base, leveraging deep insights developed via our extensive network of clients and other industry contacts. Visit us on the web and connect with us on Twitter and LinkedIn.

Press Contact:
Kaitlyn Labbe
Public Relations
[email protected]