Apex Fintech Solutions uses generative AI to automate Suspicious Activity Reports, potentially reducing costs to the U.S. financial crime risk management industry by $1 billion
Generative AI can free analysts from time-consuming repetitive tasks, enabling them to validate summaries with the touch of a button instead of spending hours manually producing reports. By automating these reports, analysts get more time to focus on what they do best — investigating financial crimes.
Apex Fintech Solutions used Genpact’s riskCanvas — the world’s first platform to integrate with Anthropic’s Claude models using Amazon Bedrock — along with Amazon ECS, Amazon Open Search, Amazon EMR, and other tools to securely generate narratives from millions of highly sensitive datapoints. By applying generative AI, riskCanvas quickly summarized transaction patterns, customer history, account data, and analyst findings to generate case reports that analysts could review and approve.
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