New Oracle Cloud Service Enables Smarter, Faster Anti-Money Laundering Compliance Process For Financial Institutions
Oracle, May 13,2025
Banks can streamline scenario tuning, expedite regulatory compliance efforts, and reduce costs with the Automated Scenario Calibration Cloud Service
Oracle announced the Oracle Financial Crime and Compliance Management Automated Scenario Calibration (ASC) Cloud Service, which transforms monitoring of anti-money laundering (AML) transactions by automating the manual process of scenario tuning. AML scenarios are designed to detect and prevent money laundering, terrorist financing, and other financial crimes. Available globally, the new automation service enables financial institutions' compliance teams to improve efficiency, expedite regulatory requirements, and reduce operational costs.