Using Babel Street to Streamline Anti-Money Laundering Processes

Money laundering playsa critical role in enabling serious global crimes—including drug trafficking, terrorism, and human trafficking. Pressure ismounting on organizations to comply with strict AML regulations, but traditional customer verification processesare cumbersome and error-prone, often bogged down by outdated technology and excessive manual review.

Babel Street’s AI-powered risk intelligence platform leverages natural language processing and entity resolution to automate and enhance identity verification, streamline compliance operations, and reduce the need for costly intervention. These innovations help banks and financial institutions operate more efficiently and effectively in the ongoing fight against financial crime.