Tech Mahindra has entered into a strategic partnership with Discai, a BankTech company and 100% subsidiary of the KBC Group. The partnership will deliver a comprehensive, AI-powered Anti-Money Laundering (AML) solution that is developed, tested and validated to enhance transaction monitoring and ensure regulatory compliance for financial institutions.

The partnership combines Tech Mahindras extensive IT integration experience with Discais state-of-the-art Artificial Intelligence (AI) and rule-based AML technology to offer financial institutions a reliable, compliant, and seamlessly integrated AML solution. The solutions dual focus on AI and rule-based transaction monitoring (KYT AML  Know Your Transaction Anti-Money Laundering) will enable financial institutions to effectively prevent and detect financial crime. It will also help enterprises adhere to regulatory framework compliance.

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.

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