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Temenos Develops AI Agent to Enhance Financial Crime Compliance

  • 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.

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