COUNTRY FOCUS : CARIBBEAN
Three examples from the Caribbean show how finance in the region is handling change .
Banking ’ s on the money its way in the Caribbean
Bank of Nevis International ( BONI ) is first Caribbean bank to launch Tookitaki antimoney laundering tech
BONI joins other leading global banks to deploy nextgeneration AML technology , including AI learning , to combat financial crime .
Bank of Nevis International ( BONI ) – a leading provider of holistic wealth management and portfolio management services for clients around the world – has partnered with Singaporebased Tookitaki to become the first Caribbean bank to launch the tech firm ’ s award-winning Anti-Money Laundering Suite ( AMLS ).
AMLS provides holistic risk coverage , sharper detection and significantly fewer false alerts than legacy financial crime detection systems . By using AMLS , BONI is joining other leading banks and fintechs from across the globe to build agile and scalable compliance programs and achieve new levels of accuracy and speed .
Deji F . Akadiri , VP Fintech and Security , BONI , said : “ Current legacy financial crime detection systems
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