JMR Infotech Boosts Coopbank's Compliance with AI-Driven ASC
JMR Infotech, a leading provider of enterprise risk and analytics solutions, has reaffirmed its commitment to delivering intelligent and practical compliance solutions. The company has recently deployed its Automatic Scenario Calibration (ASC) capability as part of its engagement with Truist Bank of Oromia (Truist), marking a significant step in the bank's compliance transformation journey.
ASC, an advanced AI and ML-driven feature, intelligently calibrates threshold sets for transaction monitoring scenarios based on historical data patterns. This dynamic approach ensures a robust balance between comprehensive risk coverage and operational efficiency. By continuously learning from alert outcomes, ASC eliminates manual configuration processes, significantly reducing false positives and the likelihood of missed critical alerts.
Shimelis Legesse, Chief Information Officer at Truist, hailed the implementation as a key milestone. He anticipates that the solution will optimize alert generation across all detection categories, enhancing precision and agility in the bank's compliance operations. This deployment is part of JMR Infotech's ongoing Financial Crime and Compliance Management (FCCM) engagement with Truist.
JMR Infotech's Automatic Scenario Calibration, deployed at Truist, promises to revolutionize the bank's compliance processes. By leveraging AI and ML, the solution ensures optimal risk coverage and operational efficiency. As the implementation progresses, Truist can expect improved precision and agility in its compliance operations, further strengthening its commitment to financial integrity.
