Joyalukkas Exchange Partners with Effiya Technologies to Leverage Artificial Intelligence in Fighting Financial Crimes

dubai [UAE]/ Noida (Uttar Pradesh) [India] July 1 (ANI/BusinessWire India): Joyalukkas Exchange, one of the Gulf’s leading exchange houses, has partnered with Effiya Technologies, an artificial intelligence (AI) and machine learning (ML) solutions provider on AML/CFT compliance for greater efficiency and effectiveness in real-time control transactions. They have a hybrid ensemble approach with seamless integration and better algorithms backed by machine learning models to generate the most accurate results. Implementing this technology has further reduced false positives without compromising potential matches by generating real-time alerts and thus boosting overall compliance performance.

Antony Jos – Managing Director, Joyalukkas Exchange, citing this partnership, said, “At Joyalukkas Exchange, compliance is non-negotiable and we don’t like it to be compromised at any level. We are diligent in In this regard, to ensure a safe and secure experience for all our customers in compliance with global anti-money laundering regulations and standards.For us, building an effective compliance culture will always remain a critical factor. Our goal with this collaboration is to help and strengthen our accountability and commitment as a regulated entity licensed by the UAE Central Bank to manage safe and secure transactions for our customers.”

This story is provided by BusinessWire India. ANI shall in no way be responsible for the content of this article. (ANI/BusinessWire India)

(This story has not been edited by the Devdiscourse team and is auto-generated from a syndicated feed.)