Case Study: BMO improves AML risk reviews with Tavily

BMO scales AML searches to 129,000 calls with Tavily

BMO, a major North American bank, faced a challenge in its anti-money-laundering compliance process where analysts had to manually search public records for information on new counterparties. This manual search was time-consuming and did not scale efficiently. To automate this process, BMO needed a reliable retrieval system and turned to Tavily to provide high-quality, secure web search capabilities.

By implementing Tavily as its retrieval layer, BMO enabled its analysts to conduct faster and more uniform risk determinations. The solution provided ranked URLs with extracted passages, streamlining the review process. This integration resulted in massive growth in usage, from 40 monthly calls at launch to over 129,000 calls in a single month, allowing analysts to handle significantly more reviews with confidence in the findings.

BMO