NEW YORK, March 21, 2017 /PRNewswire/ -- NextAngles, a provider of artificial intelligence-powered compliance solutions for the financial services industry and a corporate start-up of Mphasis Corp., announced today that it has become a solution provider member of the Bankers Association for Finance and Trade (BAFT).
Based in Washington, D.C., BAFT is a global association for international transaction banking, creating a bridge between financial institutions, service providers and the regulatory community.
The association's goals are to provide thought leadership, advocacy and training education to an emerging global community of professionals focused on trade finance.
NextAngles incorporates cognitive learning models, artificial intelligence, and smart data to help financial institutions navigate a fast-changing compliance landscape that includes: anti-money laundering and trade-based money laundering; Know Your Customer regulations; and financial crime prevention.
"We are excited to welcome NextAngles to the BAFT member family, as this enhances our spectrum of artificial intelligence and cognitive solution providers" said Tod Burwell, President and CEO of BAFT. "Next Angles aims to provide our member base a practitioner's view of how artificial intelligence can be leveraged to prevent trade-based money laundering (TBML ) activities."
"This membership gives us instant access to important updates on regulatory issues affecting transaction banking, members-only webinars and other training programs," said Mallinath Sengupta, Chief Executive of NextAngles. "These resources will ensure that our service offerings remain at peak quality at a time of great flux in regulation and finance."
NextAngles becomes a part of BAFT's Trade Finance, Trade Compliance, Global Regulatory Affairs and Public Policy committees. BAFT members include service providers, government agencies and financial institutions from across the globe. Find out more about BAFT and its membership by visiting www.baft.org.
NextAngles™ is a venture within Mphasis Corporation. We believe in Compliance Reimagined —a new breed of disruptive solutions for regulatory risk and compliance. The solution we are building incorporates cognitive models and smart data that empower intelligent system behaviors. Our smart compliance approach reduces the risk, burden, cost, and stress of compliance substantially, harnesses data streams to automate fulfillment of multiple regulatory requirements, and scales to meet enterprise-class business and regulatory challenges. For more information, please visit https://nextangles.com/
Mphasis enables chosen customers to meet the demands of an evolving market place. Recently named by American Banker and Bank Administration Institute (BAI) as one of the top companies in FinTech and as the "Most Distinguished Digital Company in 2015" by The Economic Times, Mphasis fuels this by combining superior human capital with cutting edge solutions in hyper-specialized areas. Contact Mphasis on http://www.mphasis.com/
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/nextangles-joins-bankers-association-for-finance-and-trade-300426822.html