New Oracle Cloud Service Enables Smarter, Faster Anti-Money Laundering Compliance Process for Financial Institutions
France, May 13 -- Oracle today announced the Oracle Financial Crime and Compliance Management Automated Scenario Calibration (ASC) Cloud Service, which transforms monitoring of anti-money laundering (AML) transactions by automating the manual process of scenario tuning. AML scenarios are designed to detect and prevent money laundering, terrorist financing, and other financial crimes. Available globally, the new automation service enables financial institutions' compliance teams to improve efficiency, expedite regulatory requirements, and reduce operational costs. Conquering crime minus manual process chaosFinancial institutions have long struggled with the manual efforts required to adjust AML monitoring scenarios. As criminal tactics evolv...
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