Korea’s Shinhan Bank launches S-TBML to enhance international trade finance competitiveness

South Korea’s Shinhan Bank has introduced a big data-powered anti-money laundering (AML) system in its efforts to detect suspicious trade transactions and become more competitive in the international trade finance market. Shinhan-Trade Based Money Laundering (S-TBML) uses artificial intelligence (AI), optical character recognition (OCR) and…

Screena and ThetaRay AI partnership promises faster identification of sanctioned entities and individuals

Cyber security and big data analytics company ThetaRay has entered into a partnership with Screena, a fintech that screens individuals and verifies entities against designated sanction lists. Aimed at financial institutions and governments, the ThetaRay system is designed to identify sophisticated attempts to circumvent economic…