The partnership combines Tech Mahindra's extensive IT integration experience with Discai's advanced AI and rule-based AML technology. The solution focuses on AI-driven and rule-based transaction monitoring, helping financial institutions effectively prevent and detect financial crime while adhering to regulatory standards.
This collaboration aims to provide a comprehensive, efficient, and secure AML solution that integrates seamlessly with existing systems.
AI helps financial institutions enhance their AML efforts, ensuring better compliance with regulations and reducing the risk of financial crime.
Tech Mahindra and Discai will provide customers with a comprehensive solution addressing the need for efficient and effective financial crime prevention. The modular solution will combine AI-driven technology with a robust rule-based engine, ensuring full compliance with regulatory standards while integrating seamlessly with existing systems. Additionally, Tech Mahindra will enhance the operational efficiency of financial institutions by reducing the risks associated with complex IT integrations.
Harshul Asnani, President and Head - Europe Business, Tech Mahindra, said, “As the financial industry continues to navigate complex regulatory environments and sophisticated security challenges, offering them a strategic advantage is critical to strengthening their compliance capabilities. In response, Tech Mahindra has partnered with Discai to revolutionize anti-money laundering processes, offering customers unparalleled efficiency and security to help them Scale at Speed™.”
Fabrice Deprez, CEO, Discai, said, “We are excited to partner with Tech Mahindra to extend our advanced AML solutions to a broader market. Powered by the expertise of KBC Bank Group, our AI-driven and rule-based technology, combined with Tech Mahindra’s proven IT integration skills, ensures that financial institutions can effectively combat financial crime while fully adhering to stringent regulatory requirements.”
Discai is a subsidiary of the KBC Group, specializing in innovative AI solutions for the financial sector. Their primary focus is on developing AI-driven tools to combat financial crime, such as their Anti-Money Laundering (AML) solution.
Discai leverages KBC's extensive expertise in compliance and data science to offer high-performance, AI-based solutions that help financial institutions stay ahead of regulatory requirements and technological advancements. Their AML solution, for instance, uses advanced AI algorithms to monitor transactions, detect suspicious activities, and ensure compliance with regulatory standards.
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