Effiya AML Compliance Solution

What Effiya AML Compliance Solution is

Effiya AML Compliance Solution is an AI-enabled product for banks and financial institutions managing anti-money-laundering compliance. It monitors transactions in real time, detects and blocks suspicious transactions, and creates investigation cases in Investigation Studio. Effiya says the solution can reduce false positives by 30% without missing a true match. Teams can configure AML rules and risk assessment parameters through a no-code interface, while AI analysis is described as finding hidden money laundering patterns. The Customer Due Diligence solution automates risk profiling for onboarding, builds scorecards from historical data with customizable variable weightings, and supports real-time or batch processing. It can alert on high-risk entities and create cases automatically. Investigation Studio provides case management, adverse media and network scores, and automated regulatory reporting for FinCEN, FinTRAC, and CB UAE, with customization for other countries. A REST API framework supports process automation. Effiya offers traditional licensing and SaaS, but pricing is available on request. The company is headquartered in Singapore.