[ad_1]
Joyalukkas Exchange, a leading currency exchange, has partnered with Effiya Technologies on AML/CFT (Anti-Money Laundering/Counter-Terrorism Financing) compliance to improve the efficiency and effectiveness of real-time screening of transactions.
Effiya is an artificial intelligence (AI) and machine learning (ML) solutions provider with a hybrid ensemble approach with seamless integration and better algorithms, backed by machine learning models to generate the most accurate hit.
The implementation of this technology helps to reduce false positives to a greater extent without compromising potential matches by generating real-time alerts, thereby enhancing overall compliance performance.
comply with compliance
Antony Jos, Managing Director of Joyalukkas Exchange, said: “At Joyalukkas Exchange, compliance compliance is non-negotiable and we do not want it to be compromised at any level. We strive to ensure security for all our clients that complies with regulations and global anti-money laundering standards experience.
“Building an effective compliance culture has always been a key factor for us. The purpose of our partnership is to help and strengthen our responsibility and commitment as a regulated entity licensed by the Central Bank of the UAE to manage security and reliability for our clients transactions.”- arab trade news agency
[ad_2]
Source link