How Banks Cut KYC & Sanctions Screening Cost with AI
Description:
New research from Celent reveals how AI-driven screening can reduce false positives, streamline investigations, and deliver millions in compliance efficiency. In its economic analysis of Quantifind’s AI-driven Graphyte platform, Celent estimates that Tier 1 banks could reduce KYC and sanctions alert-processing costs by up to $177.9 million annually through improved screening accuracy and automation.
In this webinar, Ian Watson, Head of Risk Research at Celent, and Adam Mulliken, Chief Product Officer at Quantifind, discuss:
- The true cost of inefficient screening operations
- How AI-driven risk intelligence dramatically reduces false positives
- The methodology behind Celent’s cost-savings model
- How financial institutions are achieving faster investigations and improved regulatory confidence
- The next frontier: agentic AI automating analyst workflows
ABOUT QUANTIFIND
Quantifind’s Graphyte AI-powered financial crimes automation platform applies comprehensive data coverage, best-in-class risk assessment accuracy, and powerful investigation tools to deliver AML-KYC productivity gains of over 40%.
Watchlist Screening | Investigation | Adverse Media Screening | Credit Risk