NetReveal Transaction Monitoring by SymphonyAI addresses the growing complexities and sophistication of financial crimes by employing proprietary AI models to detect anomalies and suspicious patterns. This solution aims to enhance detection accuracy, minimize false positives, and prioritize high-risk alerts, thereby making the investigation process more efficient.
Key Features:
- Advanced Detection: Utilizes customers’ existing data and advanced analytics, including supervised and unsupervised machine learning (ML) and AI-driven scoring, to uncover hidden risk patterns and trends in near real-time.
- False Positive Reduction: Significantly reduces false positive alerts, allowing investigators to focus on genuine risks, saving time and resources.
- Seamless Integration: Integrates with the Sensa Investigation Hub, an AI-powered platform that provides a single, entity-centric view of risk, covering AML, sanctions, KYC/CDD, and fraud.
- Intelligent Event Triage (IET): Automatically scores and prioritizes alerts using continuous learning AI, optimizing investigator productivity.
- Entity-Focused Investigations: Improves investigator efficiency by 30-40% through a centralized 360° view of alerts related to a customer or entity.
- Regulatory Support: Automates the creation, population, and filing of reports in various national and international formats.
Benefits:
- Near Real-Time Detection: Quickly identifies and alerts suspicious activities, creating user profiles and tracking behavior changes.
- Enhanced Investigations: Features the Sensa Copilot, an AI assistant that collates, analyzes, and summarizes data, accelerating investigations by up to 70%.
- Improved Risk-Alert Ratio: Increases the detection of genuine risks that are worthy of Suspicious Activity Reports (SARs).
Outcomes:
- Less false positives.
- Improved risk-alert ratio.
- Faster and more efficient investigations.
