News

Thai bank upgrades anti-money laundering tools

Bank_of_Ayudhya_KrungsriThe Bank of Ayudhya/Krungsri, Thailand's fifth largest financial institution, has chosen to deploy technology from NICE Actimize to help prevent money laundering. The bank will implement a newly launched tool that employs artificial intelligence to reduce manual data gathering with the aim of cutting the time needed to investigate alerts. Saengchart Wanichwatphibun, chief compliance officer at the bank, said the tools, “go beyond the traditional rules-based controls, with the addition of machine learning and robotics to reduce false-positive alerting and to speed up investigations”. Actimize is a subsidiary of Israeli technology firm NICE, whose stock is traded on Nasdaq and the Tel Aviv Stock Exchange. “We are seeing major adoption around the globe for our AI-enabled anti-money laundering and case management solutions,” said Joe Friscia, president of NICE Actimize. ©2018 funds global asia

Executive Interviews

INTERVIEW: Operational challenges

Jun 09, 2018

Caroline Higgins of Northern Trust tells George Mitton about A-share inclusion, ETF Connect and why Cayman funds predominate in the region.

INTERVIEW: Making a name

Apr 18, 2018

Formed by a merger in 2012, Old Mutual Global Investors was little-known in Asia. Carol Wong, managing director for Asia-Pacific, is changing that. She talks to George Mitton.

Roundtables

SINGAPORE ROUNDTABLE: Optimism versus caution

Oct 23, 2018

The impact of financial technology, developments in Asian passporting and the promise of new markets in Thailand were among the topics discussed by our panel. Chaired by George Mitton in Singapore.

HONG KONG ROUNDTABLE: a long-term project

Jun 09, 2018

Our panel discussed robo-advisers, ETF Connect, and why the mutual recognition of funds (MRF) scheme will take time to develop. Chaired by George Mitton in Hong Kong.