Refine Intelligence has developed a novel approach to help banks reduce the growing operational costs of financial crime. 

AML investigators are overwhelmed by transaction monitoring alerts that spot anomalies in customer accounts. Most alerts are triggered by perfectly legitimate life stories such as selling a house, buying a used car, or paying tuition for an international student. Banks simply lack the context for these activities, and devote many resources to investigating false alarms. Refine Intelligence provides critical context in real time to explain customers’ actions using two capabilities:
-User-friendly digital inquiries in which customers are asked about the source of funds, the nature of the activity and other crucial contextual information; and 
-AI trained using a unique, proprietary data set of genuine customer activity patterns that can automatically recognize specific customer life stories, also known as “greenflagging.”

With Refine Intelligence, banks can bolster their existing AML monitoring to:
-Better focus on truly suspicious activity by quickly clearing away false alarms
-More clearly understand customer behavior and transactions, leading to more effective and efficient investigations
-Enable financial institutions to collect much needed context from the customer in a structured, consistent and bias-free manner


AI/ML

Banking

Risk & Compliance

Refine Intelligence

Uri Rivner

Zach Dahlgren

Rina Schogel

Aaron Stroud

Jorge Veron

Rebecca Steinberg Herson

Daniel Shkedi

The Technical Team at Refine Intelligence comprises Data Scientists, DevOps Engineers, and Back End Developers who collaboratively enhance the platform's AI capabilities for anti-money laundering (AML) operations. Their primary responsibilities include developing and fine-tuning machine learning models to accurately detect and green-flag legitimate customer activities, ensuring the seamless deployment and integration of these models, and maintaining the robust infrastructure required for real-time, user-friendly digital inquiries. This team is crucial in providing banks with the contextual intelligence needed to efficiently mitigate false alarms and focus on genuine financial crimes.

Technical Team

Technical Team

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Team members