Aresbank Taps AI to Strengthen Trade Finance AML Controls

Aresbank Strengthens Trade Finance and Correspondent Banking Compliance with SymphonyAI

Specialist corporate bank connecting Europe, Middle East and North Africa, adopts a platform built to scale as regulations and trade volumes evolvePALO ALTO, Calif.--(BUSINESS WIRE)--#AML--As a specialized corporate and trade finance bank in the MENA ... L'articolo Aresbank Strengthens Trade Finance and Correspondent Banking Compliance with SymphonyAI è un contenuto originale di 01net.

Aresbank replaces manual AML controls with AI monitoring

Aresbank, a specialist corporate bank headquartered in Madrid that finances trade between Europe, the Middle East and North Africa, is replacing labour-intensive anti-money laundering (AML) controls with SymphonyAI‘s transaction monitoring platform for trade finance and correspondent banking. The bank will deploy SymphonyAI’s monitoring technology as a software-as-a-service (SaaS) solution, moving away from partly manual processes […]

Aresbank taps AI to strengthen trade finance AML controls

Madrid-based corporate and trade finance bank Aresbank has selected SymphonyAI’s financial crime compliance technology to strengthen transaction monitoring across its trade finance and correspondent banking operations. The bank will deploy SymphonyAI’s transaction monitoring platform on a software-as-a-service (SaaS) basis, replacing controls that are only partially automated and require significant manual intervention. Once implemented, the pla…