Business Challenges:

Money Services Businesses (MSBs) have to identify fraudulent transactions while preserving account data privacy.

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Solution Offered:

STADLE allows MSBs to share and combine AI models for detecting suspicious activity without sharing account data.

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Outcomes:

• Reducing False Positive Alerts will save millions of dollars as currently 90% of Anti-Money Laundering (AML) alerts are said to be false

• Better ML models are needed to identify truly fraudulent transactions by detecting subtle anomaly

• The improvement leads to massive cost reduction for the customers