Tag: Effiya Technologies

Regtech accelerating the adoption of artificial intelligence by the financial institutions

AETOSWire
Regtech accelerating the adoption of artificial intelligence by the financial institutions

Dubai, United Arab Emirates — Regtech helps financial and non-financial institutions by leveraging AI to reduce the time spent on investigations and the FTE required for the investigations of financial crimes. This sentiment was commonly echoed by the panel speakers of 6th MENA Regtech: Mr. Muhammad Shahid Farid, Head of AML/CFT and Sanctions, The Commercial Bank, Mr Talal Shoukat – Head of Compliance & MLRO, Gulf Exchange, Mr Benjamin Anafi – Head of GRC, Ali Bin Ali, Mr Saiful Islam Vaidhyakkaran – Head of Compliance and MLRO, Al Zaman Exchange…

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LM Exchange significantly improved its efficiency and regulatory compliance by adopting artificial intelligence-aided technology

AETOSWire

Dubai, United Arab Emirates — LM Exchange, one of the leading money transfer and currency exchange companies in the UAE, has partnered up with Effiya Technologies. With the help of Effiya’s dynamic risk assessment platform, robust sanctions screening and transaction monitoring solution, LM Exchange will now be able to perform more accurate matches for effective investigation and strategic decision making. It has further enhanced efficiency by integration through web technologies and end to end process automation Mr. Jacob Varghese, Vice president LM Exchange said: “At LM Exchange, we follow a…

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Joyalukkas Exchange has partnered with Effiya Technologies to enhance the efficacy of Sanctions screening process by adopting artificial intelligence-aided technology

AETOSWire
Joyalukkas Exchange has partnered with Effiya Technologies to enhance the efficacy of Sanctions screening process by adopting artificial intelligence-aided technology

Dubai, United Arab Emirates — Joyalukkas Exchange one of the leading money exchanges houses in the Gulf has partnered with Effiya Technologies an Artificial Intelligence (AI) and Machine Learning (ML) solutions provider on AML/CFT compliance for greater efficiency and effectiveness in real-time screening transactions. They have a hybrid ensemble approach with seamless integration and better algorithms backed with machine learning models to generate the most accurate hits. The implementation of this technology has helped reducing the false positives to a greater extent without compromising potential matches by generate real-time alerts…

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