Modernizing Banking Compliance with AI and Automation

In the digital era of financial services, banks must move swiftly to meet evolving customer expectations, regulatory demands, and competitive pressures. The future of banking is intuitive, agile, and secure – and automation is key. Trissential partners with top-tier banking institutions to modernize systems, enhance compliance, and unlock operational efficiency through Robotic Process Automation (RPA), AI, chatbots, OCR, and machine learning.

Challenge

A major bank in Southeast Asia faced significant inefficiencies in its Anti-Money Laundering (AML) processes. Investigators were burdened by time-consuming tasks including manual consolidation of suspicious transaction records (STRs) from multiple branches, manual STR filing, and manual memo/report creation. These delays impacted compliance and risk management effectiveness.

Solution

Trissential developed a comprehensive robotic and AI-driven solution. This included automation for STR data consolidation, AML report generation, and real-time communication with the AML Committee. Predictive machine learning algorithms were applied to identify risk patterns, while outlier detection and visualization tools helped uncover emerging threats. The solution also enabled seamless data entry from multiple systems and streamlined report submissions to the AML Council.

Results

• Achieved 93% accuracy in detecting suspicious transactions
• Enabled 24/7 real-time transaction processing
• Automated pattern analysis and anomaly detection
• Created seamless integration across multiple systems with no human touchpoints