Case Study
Reducing False-Positive BSA/AML Alerts
Central Payments Reduced BSA/AML False-Positive Alerts by 68%
The financial industry is rapidly changing, driven by new regulations, higher interest rates, a possible recession and non-bank businesses looking to get in the game. As an industry leader, Central Payments, which provides payments technology and issuing solutions for fintechFintech is a term used to describe financial technology. This often refers to the innovative use of technology to provide consumers and businesses with financial services. This can include banking, payments, investments as well as insurance services. Modern Fintech companies use digital platforms, data analytics and automation to offer an efficient and user-friendly solution to their clients. More and embedded finance businesses, is always looking for ways to quickly address challenges and take advantage of opportunities in the marketplace.