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

Executive interview: The man who made Aberdeen

Mar 04, 2021

Martin Gilbert reflects on nearly four decades as Aberdeen CEO, including what he brought to the company, his regrets at not entering into private markets earlier, and passing like ships in the...

Executive interview: Staying agile on the pandemic plan

Nov 05, 2020

Terry Pan, chief executive for Greater China, southeast Asia and Korea at Invesco Asia Pacific, tells us about managing a business during Covid-19, opportunities on the continent and US-China...

Roundtables

Hong Kong roundtable: Increasing China’s prominence as an asset class

Mar 04, 2021

Our line-up of experts in Hong Kong considers the importance of fixed income ETFs, sustainability and the prospects of increasing China in the indices. Chaired by Romil Patel.

Roundtable: ‘What’s priced in versus what surprises’

Jan 04, 2021

As we head into 2021, our panel of experts in Singapore pore over the key risks that are not fully priced in, the impact of the incoming Biden administration on Asia and the dominant investment theme that is China. Chaired by Romil Patel.