FIS partners with C3 AI to offer a line of AI-based risk solutions

2021-06-17 23:30

FIS announced the first in a new series of solutions developed in partnership with C3 AI to help capital markets firms tap into the power of their organizational data to increase efficiency and better manage regulatory compliance and risk.

The AML Compliance Hub leverages C3 AI's advanced machine learning technology, combined with the deep financial industry domain expertise of FIS, to dramatically improve the efficiency of financial crime detection.

"As an early adopter of AI technology in our solutions, FIS is accelerating our investment in machine learning to help our clients better take advantage of the vast amount of structured and unstructured data within their systems," said Nasser Khodri, Head of Capital Markets at FIS. "From cost savings through AI-powered automation to enhanced decisioning and analysis, AI offers great promise for forward-looking financial institutions that want to tap into their data for competitive advantage."

Recent research from the FIS Readiness Report shows that 78% of capital markets firms plan to invest in AI in 2021 to advance their strategic goals.

The FIS Compliance Hub provides a dashboard view where users can view reports and receive alerts as to key risk drivers, suspicious activity, and AML scoring.

The partnership with C3 AI is reflective of FIS' focus on partnering with innovative companies to accelerate its ability to deliver disruptive new technologies and solutions into the market.

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