SAN FRANCISCO, June 13, 2014 /PRNewswire/ -- Brighterion is proud to announce the release of version 7 of iComply, our real-time, KYC and anti-money laundering enterprise solution powered by our cognitive computing platform; the world's most comprehensive artificial intelligence and machine learning solution that predicts, infers and makes intelligent, real-time decisions.
Despite the introduction of tougher legislation over recent years, money-laundering and financial scandals continue to dominate global news. As the financial services sector falls under increasing scrutiny, banks are mandated to implement full measures to prevent financial crimes. Regulators increasingly require greater oversight from institutions including closer monitoring for anti-money laundering (AML) compliance. With Brighterion's state-of-the-art compliance solution, we provide innovative products to allow customers to address all of the regulatory compliance requirements, including: Bank Secrecy Act, USA PATRIOT Act, Office of Foreign Asset Control (OFAC), Financial Action Task Force (FATF) and the recommendations of the Basel Committee on Banking.
Brighterion has the world's deepest and broadest portfolio of Big Data and smart-analytics technologies successfully applied in retail analytics, real-time cross-channel fraud prevention (identification of previously unknown fraud schemes), credit risk and delinquency prediction, chargeback prevention, behavioral device identification, AML detection, and real-time data breach detection.
This new achievement highlights Brighterion's outstanding ability to lead the Anti-Money Laundering and Know Your Customer compliance industry. At Brighterion we believe that real-time smart-analytics is a catalyst to help clients protect their brand and business. "This release is the result of the constant efforts of our engineering team," said Dr. Akli Adjaoute, Founder and CEO of Brighterion. "We are confident this release will provide great benefits to our customers through an integrated risk management solution. This innovative solution tracks risk across multiple channels in real-time and offers end-to-end KYC and AML detection and management capabilities."
Brighterion offers cutting edge artificial intelligence and machine learning technologies that meet various industry's needs, including: Financial, Big Data, Homeland Security, Social Data, Search Engine, Marketing, Healthcare, etc.
Brighterion's products are trusted by the industry leaders: the largest retailers, issuers and acquirers, the world leader in the homeland security market, 6 of the top 10 global banks and hundreds of clients worldwide.
Brighterion has won enterprise-wide acclaim for its technological leadership. We received several awards including the Fraud Prevention Innovation World Series Award, the Payment Security Product Excellence Award and the Best Analytical Solution Award.
For more information about Brighterion and its products, please visit www.Brighterion.com