Case Study: Nordics Financial Group reduces false positives and costs with SymphonyAI

A large Nordic financial group uses SymphonyAI to save money and improve efficacy

Nordics Financial Group, a large Nordic financial institution with billions of euros in assets, needed a more cost-effective way to improve transaction screening and transaction monitoring. The group wanted to reduce the high volume of false positives from its compliance processes without missing genuine risk, and turned to SymphonyAI for a tailored payment screening and monitoring solution.

SymphonyAI implemented a bespoke transaction monitoring and screening product designed to improve matching techniques and reduce unnecessary alerts. The result was an 83% reduction in false positives, 24,000 alerts removed through 15 match exclusion rules applied to the top 20% of alerts, and significant gains in cost savings, productivity, and risk management for Nordics Financial Group.

Nordics Financial Group