Automated Transaction Monitoring

Automated Transaction Monitoring is a technology used by financial institutions to detect unusual or suspicious activity in customers' accounts. It uses algorithms and data analysis to continuously review transactions, such as large sums, frequent activity, or patterns that could indicate fraud, money laundering, or other financial crimes. When suspicious activity is identified, the system alerts compliance teams to investigate further. This helps banks ensure transactions are legitimate, comply with regulations, and protect both the institution and its customers from illicit activities.