Temenos has introduced a new AI-powered solution, Temenos FCM AI Agent, to enhance financial crime compliance for banks.
The AI agent is designed to improve the accuracy of sanctions screening alerts, reduce false positives, and expedite investigations by assessing transactions in real time.
Initial deployments of the AI agent have shown a decrease in false positive rates to below 2%, leading to faster processing of legitimate payments and improved customer experience.
The AI Agent is part of Temenos' broader Financial Crime Mitigation suite, developed in collaboration with a European tier-1 bank, and can be deployed on-premise or in public or private cloud environments.