The call for a new approach of Transaction Monitoring is fierce. But actually, the new approach is already there.
26 May 2021
Everyone agrees: the current way of Transaction Monitoring is no longer tenable. For many reasons (read ‘the five main pain points’). And some articles outline a future solution, for example for the opening of the blind spots and on the other hand counteracting the ‘false positives that come over and over again’. As an interesting article of Deloitte Luxembourg states: “Even if we are not there yet (…) the aim is to bring a more data-driven approach together with artificial intelligence and machine learning to deliver actionable insights and to create much less noise than the usual approach.” The good thing: we don’t have to wait for the new solution, it’s already there: CW360.
