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AI-Powered Tool to Improve Compliance & Sanctions Screening Process in Banking

AI

In 2023, U.S. banks faced over $33 million in fines for sanctions violations. Financial institutions encounter challenges in sanctions screening for various reasons, including outdated sanction lists and backlogged governmental reports.  Recognizing these challenges, Sprinterra has developed a prototype of an AI-powered sanctions screening tool, the AI WatchList Chat, designed to improve and streamline this crucial […]