US Bank Transforms FinCrime Compliance with AML Automation

Key Points

The Banking and Financial Services (BFS) industry faces the critical challenge of remediation and backlog clearance in the rapidly evolving landscape of regulatory obligations. Non-compliance within the stipulated timeframe not only exposes companies to hefty fines but also jeopardizes their reputation.

Addressing these challenges head-on, a leading US bank leveraged WNS’ deep industry knowledge and automation expertise to rapidly advance fraud detection. We undertook large-scale Know Your Customer (KYC)-Anti-money Laundering (AML) screening, clearing backlogs and establishing a standardized and efficient process.

Read our infographic below for more information.