Real-time transaction monitoring: How to reduce financial crime in 2024

With the help of real-time transaction monitoring, financial institutions can prevent and detect fraud by viewing the underlying transaction data in real time and going through any transaction that seems suspicious. With the inbuilt features of artificial intelligence and machine learning, such systems are becoming intelligent as well as smarter in detecting abnormalities and decreasing false alarms.

The rise of financial crime in 2024

In 2024, financial crime continues to rise globally...