Broadridge Launches Anti-Money Laundering Solution

Fintech major Broadridge Financial Solutions, Inc. (NYSE: BR) today announced the launch of Broadridge Anti-Money Laundering Solution (AMLS), which brings new, leading edge capabilities to Broadridge’s existing Intelligent Automation suite.

According to the official press release, the new solution delivers an end-to-end machine learning (ML) powered Anti-Money Laundering platform covering transaction monitoring, name screening, alert prioritization, and customer risk scoring.

The Broadridge AMLS is for firms and institutions looking to enhance their anti-money laundering surveillance to detect illicit money flows and bad actors. Broadridge’s product, powered by Tookitaki, is an ML-based AML platform that global financial institutions can use to substantially decrease false alerts and realize productivity gains while improving risk mitigation. 

In addition, the new solution leverages innovative machine-learning techniques like AutoML, federated learning and network science to accurately detect complex money laundering activities and triage legacy system alerts through a Smart Alert Management system to accurately prioritize alerts for either rapid disposition or increased due diligence.

​As Fazzaco reported earlier, Broadridge has appointed Mike Johnson​ as its Vice President and Global Product Manager of Derivatives Clearing. In his new position, Mike will be responsible for the continual enhancement, growth and quality of Broadridge’s leading global cleared derivatives platform, and leveraging strategic client and industry partnerships.