AI-Powered Tool to Improve Compliance & Sanctions Screening Process in Banking
In 2023, U.S. banks faced over $33 million in fines for sanctions violations. Financial institutions encounter challenges in sanctions screening for various reasons, including outdated sanction lists and backlogged governmental reports. Recognizing these challenges, Sprinterra has developed a prototype of an AI-powered sanctions screening tool, the AI WatchList Chat, designed to improve and streamline this crucial […]
The Future of Money: The Latest Trends in Banking Software Development
The digital era has brought forth a wave of innovation that has fundamentally transformed various sectors, and banking is no exception. Banking Software Development Companies are at the forefront of this revolution, leveraging cutting-edge technologies to redefine how financial services function. In this blog, we explore some of the latest trends shaping the banking industry, […]
The Future of Money: The Latest Trends in Banking Software Development
The digital era has brought forth a wave of innovation that has fundamentally transformed various sectors, and banking is no exception. Banking Software Development Companies are at the forefront of this revolution, leveraging cutting-edge technologies to redefine how financial services function. In this blog, we explore some of the latest trends shaping the banking industry, […]