Accuity, a provider of financial crime compliance, payments, and Know Your Customer (KYC) solutions, announced its AI-driven account screening capability, Firco Automated Alert Reduction.
Firco Automated Alert Reduction is designed to increase the level of accuracy in detecting and evaluating screening matches during the KYC process. The new module augments existing financial crime filters and reviews potential risks, such as illicit financial activity, sanctioned entities, politically exposed persons (PEPs), and reputationally exposed persons (REPs).
