Success stories

Reducing False Positives to Improve Regulatory Reporting for a Global Bank

Written by Admin | Jul 25, 2024 9:03:30 AM

A global bank faced challenges in adhering to regulatory compliance and reducing false positives in anti-money laundering (AML) activities. Coforge implemented a machine learning solution that utilized soft clustering and behavioral misalignment scoring, leading to significant improvements in fraud detection rates, efficient fraud management, and effective workload management.