17.3 C
August 15, 2022
Finance Technologies

Al Ansari Exchange chooses Pelican’s AI-based AML solution

Al Ansari Exchange, a foreign currency exchange and money transfer service in the United Arab Emirates (UAE), has partnered with Pelican, a London-based firm which applies artificial intelligence technology to payments and financial crime compliance. “Preventing financial crime sits at the core of our business,” says Al Ansari Exchange Pelican will implement its product PelicanSecure, an AI-based tool which tackles money laundering by providing sanctions screening and transaction monitoring solution, into the FX firm’s operations. It uses machine learning and natural language processing to identify, screen and report suspicious transactions. The partnership is designed to help Al Ansari Exchange on…
Al Ansari Exchange chooses Pelican’s AI-based AML solution

Related posts

Crypto bank SEBA launches Swiss offering after FINMA greenlight

Amme Jhonson

Aussie neobank Hay chooses Mambu’s cloud banking platform

Amme Jhonson

Four EU banking bodies request one-year delay to T2-T2S consolidation

Amme Jhonson

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Privacy & Policy