Industry statistics tell us over 95% of system-generated alerts are false positives; and nearly 98% never result in a Suspicious Activity Report (SAR). These false alerts cost billions of dollars annually in wasted investigation time.
The Zencos solution is designed to reduce wasted time spent on false positives by identifying high-risk alerts and hibernating low-risk alerts. It delivers a data mart and dashboard that augment your current AML solution so you do not need to perform a costly rip and replace.
These capabilities are powered by the SAS® Viya® open analytical platform which allows data scientists and business analysts to build models using open-source techniques, document, manage and operationalize machine learning models to continuously update dashboards resulting in streamlined investigations.
For more information on the Zencos AML Analytics Dashboard, download our flyer.