FINOM Selects Resistant AI's transaction forensics to strengthen its money laundering defenses
The pan-European B2B fintech platform can now prioritize in-house alerts more effectively while adding advanced anomaly detection
FINOM selected Resistant AI Transactions Forensics to bolster its anti-money laundering (AML) measures. Resistant AI will overlay and enhance FINOM's own transaction monitoring system to provide valuable context and uncover new types of unusual and anomalous behavior.
Within Europe, Europol estimates the value of suspicious transactions in the hundreds of billions of euros — at an equivalent of 1.3% of the EU's gross domestic product (GDP). Global estimates are close to 3% of world GDP.