Tech Mahindra, a technology consulting and digital solutions provider, partnered strategically with Discai, a BankTech company, a subsidiary of KBC Group, for AI-powered anti-money laundering (AML) solutions.
This AI-powered AML solution is developed, tested, and validated to enhance transaction monitoring and ensure regulatory compliance for financial institutions.
Tech Mahindra and Discai combine AI-driven technology with a robust rule-based engine, ensuring full compliance with regulatory standards while integrating seamlessly with existing systems.
In this partnership, Tech Mahindra’s extensive IT integration experience combines with Discai’s state-of-the-art Artificial Intelligence (AI) and rule-based AML technology to offer financial institutions a reliable, compliant, and seamlessly integrated AML solution.
Harshul Asnani, President and Head – Europe Business, Tech Mahindra, said, “As the financial industry continues to navigate complex regulatory environments and sophisticated security challenges, offering them a strategic advantage is critical to strengthening their compliance capabilities. In response, Tech Mahindra has partnered with Discai to revolutionize anti-money laundering processes, offering customers unparalleled efficiency and security to help them Scale at Speep.”
The solution’s dual focus on AI and rule-based transaction monitoring (KYT AML – Know Your Transaction Anti-Money Laundering) will enable financial institutions to prevent and detect financial crime effectively. It will also help enterprises adhere to regulatory framework compliance.
Fabrice Deprez, CEO of Discai, said, “We are excited to partner with Tech Mahindra to extend our advanced AML solutions to a broader market. Powered by the expertise of KBC Bank Group, our AI-driven and rule-based technology, combined with Tech Mahindra’s proven IT integration skills, ensures that financial institutions can effectively combat financial crime while fully adhering to stringent regulatory requirements.”
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