CHARLOTTE, N.C.–(BUSINESS WIRE)–Tresata, a pioneering Intelligence Software program firm, will supply, at no cost, its automated AML Diagnostic System to all Banks named within the FinCEN experiences to assist them higher perceive the adequacy of their present techniques and controls.
“We have always believed in the ability of better data and intelligent software to outsmart bad actors that put the entire financial system and global economy at risk,” stated Tresata Founder & CEO, Abhishek Mehta. “We want every Bank in the world to have access to our entity intelligence systems to stop the smartest, wiliest and dirtiest of the bad actors from misusing the financial system.”
Tresata is already planning to supply the same service to all Banks on the planet by the tip of this 12 months, leveraging its ‘Knowledge as a Service’ platform.
Tresata’s software program, already in use by the world’s largest corporations, is exclusive in its skill to combine, course of and extract entity intelligence from large quantities of inner information. As well as, utilizing superior file linkage engines, Tresata software program additionally fuses inner information with a wide range of exterior information, boosting the value of the extracted intelligence. That is completed through a proprietary Fraud Knowledge Asset system, code named ‘Thirteen’.
13 has began ingesting the info from this newest ICIJ reveal, and has already recognized a whole lot of distinctive entities from the underlying information. Subsequent, 13 will take these entities and discover any hidden fraud networks throughout the universe of authorized entities, counterparties, correspondent banks and shell corporations.
“We believe that with better data and automated intelligence Banks can and will present the ultimate defense in our fight against money laundering,” says Mehta. “We are committed to ensuring that we use technology in even smarter ways for good, to outsmart those who exploit it for bad.”
Tresata is the main supplier of AI automation software program that makes use of predictive analytics to assist corporations higher perceive individuals, course of, product information at large scale and with nice precision. Tresata’s intelligence software program has been used throughout the monetary providers, healthcare, industrial and retail industries to unravel advanced enterprise challenges. www.tresata.com