Use Case - Transaction Monitoring for WeLab Bank

Under the Fintech POC Subsidy Scheme, FCCA worked on AML Transaction Monitoring Solution for WeLab Bank.

We targeted to help the WeLab Bank to enhance its AML system environment and configuration.

By deploying our Transaction Monitoring solution, the bank can now:

• Consolidate all the Fraud-AML related activities in one system which is a revolutionary concept in the industry

• Enjoy a holistic view of both fraud and AML information for transaction monitoring and investigation

• Save 30% - 50% of compliance resources and time for the compliance operation

In addition, our Transaction Monitoring solution also helps extend to include the AI capability for alert scoring to reduce false-positive alerts which is one of the HKMA RegTech guidelines for the banking industry and helps improve the efficiency of compliance operations.

For more details, please visit:

i. http://startupbeat.hkej.com/?p=111049

ii. https://today.line.me/hk/v2/article/MLLYvZM

iii. https://www.cloudian.com.hk/web/zh/匯立加強反洗錢-研引入ai大數據/

iv. https://hk.on.cc/hk/bkn/cnt/finance/20211102/bkn-20211102000125594-1102_00842_001.html