As gatekeepers of the financial system, banks play a crucial role in reporting possible instances of financial crime. At the same time, criminals continuously reinvent their approaches to hide their activities among dense transaction data. In this talk, we describe the challenges of detecting money laundering and outline why employing machine learning via MLOps is critically important to identify complex and ever-changing patterns.

In anti-money-laundering, machine learning answers to a dire need for vigilance and efficiency where previous-generation systems fall short. We will demonstrate how our open platform facilitates a gradual migration towards a model-driven landscape, using the example of transaction-monitoring to showcase applications of supervised and unsupervised learning, human explainability, and model monitoring. This environment enables us to drive change from the ground up in how the bank understands its clients to detect financial crime.

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