Case Study

Valley Bank Reduces Anti-Money Laundering False Positive Alerts by 22%

Valley Bank Reduces Anti-Money Laundering False Positive Alerts by 22%

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Learn More Want more information on how you can get these results? Valley Bank Reduces Anti-Money Laundering False Positive Alerts by 22% SUCCESS STORY DataRobot AI Cloud for Banking automated modeling for the bank’s AML team, reducing total alert volume by 22 percent and increasing escalation to case by three percentage points. Challenge In the effort to uncover money laundering activity across millions of transactions, Valley Bank’s AML team sought to reduce much of the manual work involved in predictive modeling. Solution DataRobot AI Cloud optimizes the entire AI lifecycle, helping cut through the volume of false positives in a way that’s realistic for the bank to manage – without data scientists on staff. Result Valley Bank creates new models or retrains models in a day, com

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