AML Transaction Monitoring for a Mid-Tier Australian Bank
Challenge
Manual AML compliance review was costing over $2M per year with a 72-hour average case resolution time. Regulatory pressure was increasing, and the existing process couldn't scale.
Solution
We deployed AI-powered transaction monitoring with custom ML models for anomaly detection, integrated with the bank's existing core banking systems. Automated initial triage of alerts dramatically reduced manual review workload while improving detection accuracy.
Results
- 65% reduction in false positives
- Case resolution time down from 72 hours to 8 hours
- $1.2M annual cost saving
- Zero regulatory findings in next audit