Fintech: Southeast News

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120120

Posted December 01, 2020

To empower its customers in the fight against financial crime, Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end fintech and regtech solutions, has partnered with Featurespace™, a leading provider of Enterprise Financial Crime prevention software, to launch a holistic anti-money laundering (AML) solution: WatchDOG® AML.

WatchDOG AML protects against financial crime by identifying suspicious activity in real-time with an enterprise transaction monitoring system. Using customizable machine learning models that utilize Featurespace’s award-winning Adaptive Behavioral Analytics, WatchDOG AML reduces false positives while predicting and adapting to new threats through anomaly detection. This allows banks and payments providers to detect more suspicious activity as it happens, while also reducing the number of genuine transactions declined.

"As criminals relentlessly target financial systems, organizations require cutting-edge technology for fraud detection and risk management," said Kurt Guenther, CSI’s group president of Business Solutions. "By partnering with Featurespace, we’re providing our customers with a powerful AML solution that leverages the latest in machine learning to fight illicit activity and ensure compliance."

WatchDOG AML supplies a comprehensive view of risk by analyzing human behavior to detect suspicious activity while maximizing efficiency with automatically prioritized alerts.

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