Azentio unveils next-generation Amlock AML solution with advanced AI, smarter screening, and streamlined user experience
Singapore, May 22: Azentio Software, a leading technology enabler in the BFSI space, announces the launch of its next-generation Amlock anti-money laundering (AML) platform, bringing powerful new capabilities to financial institutions in the fight against financial crime. Powered by advanced AI and machine learning, Amlock is designed to significantly improve detection accuracy, reduce operational workload, and ensure compliance in an increasingly complex regulatory landscape.
This next generation of Amlock helps financial institutions (FI's) detect and manage financial crime by delivering a comprehensive, AI-driven approach to AML that covers the entire customer lifecycle, from onboarding to monitoring, screening, risk management, investigation and reporting. By reducing false positives by up to 40% and streamlining workflows, FI's can slash compliance costs by at least 20%.
With smart automation and a flexible, modular design, Amlock easily adapts to changing regulations and scales to fit institutions of any size, from local banks to global firms. The latest version adds major improvements in screening, monitoring, and case management, making compliance faster, more accurate, and more efficient. Crucially, every institution using Amlock has maintained a flawless record of zero AML-related regulatory fines which is a compelling endorsement of its unmatched reliability and proactive performance in safeguarding compliance.
The new Amlock offers AI-enhanced capabilities including:
1. Smarter screening capabilities - offer better accuracy with advanced matching algorithms for customer screening and transaction screening with pre-configured watchlists, local lists, custom lists and rich SWIFT message library with local format support.
2. Intelligent alert triage and case resolution - simplify complex investigations with centralized alert and case management that supports workflows, audit trails, and collaborative resolution. Designed for scalability, it ensures operational efficiency and compliance at every step.
3. End-to-end KYC and onboarding automation - is integrated with identity verification, corporate intelligence for enhanced due diligence, and customer lifecycle risk management into a unified compliance framework. Features like AI-based peer profiling, dynamic risk scoring, clustering and event-triggered reviews help institutions ions maintain an up-to-date understanding of customer risk.
4. Smarter transaction monitoring - with over 400 ready-to-use rules for banking, lending, insurance, and fintech. Built-in AI helps spot patterns and connections, cutting down on false alerts.
5. Smarter decision-making using AI to predict and suppress alerts that are likely low risk, helping teams focus on real threats. The system learns continuously from new data, becoming more accurate the more it's used.
Commenting on the launch, Ruchi Tripathi, Director of Product Management at Azentio, said, "At Azentio, we understand the critical challenges financial institutions face in combating financial crime while maintaining compliance. Our next-generation Amlock is a direct response to these challenges, combining the best of AI technology with a deep understanding of the financial services sector. By significantly reducing false positives, cutting compliance costs, and ensuring zero fines, Amlock sets a new standard in AML technology."
About Azentio
Azentio is a leading provider of purpose-built, intelligence-driven technology solutions designed to transform the banking, financial services, insurance (BFSI), and enterprise resource planning (ERP) sectors. By combining cutting-edge innovation with deep domain expertise, Azentio empowers businesses to accelerate growth, enhance operational efficiency, and stay ahead in a rapidly evolving market. With a strong presence across the Middle East, Africa, and Southeast Asia, Azentio delivers world-class technology that streamlines processes and delivers tangible results, enabling organizations to achieve sustainable success. For more information on Azentio, please visit www.azentio.com.
Logo: https://mma.prnewswire.com/media/2670942/Azentio_Logo.jpg
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
9 hours ago
- Time of India
Amazon follows IBM and Microsoft, shuts China AI lab that generated nearly $1 billion in sales
Amazon is shutting down its artificial intelligence (AI) lab in Shanghai, making it the latest US tech company to scale back research in China, a report has said, citing growing geopolitical tensions as the reason. The move follows similar actions by IBM and Microsoft, which have also reduced their R&D efforts in the country as US scrutiny over China-related AI work intensifies. According to a report by The Financial Times, the development was confirmed by Wang Minjie, a scientist at the lab, via a social media post on WeChat. The lab was established by Amazon Web Services (AWS) in 2018 and Wang stated that his team was being 'dissolved due to strategic adjustments amid US-China tensions,' and reflected on the 'golden era of foreign research labs' in China. Wang also noted that his team had published over 100 academic papers and developed a neural network framework that generated nearly $1 billion in sales for Amazon. Notably, the exact number of employees at the Shanghai lab is unknown, but Amazon reported having over 10,000 employees in China in 2022, with AWS employing more than 1,000 staff at its peak. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Battery Rebate Now Live – Save Up to $17,500 Australian Solar Batteries Get Quote Undo Job cuts at Amazon and US control over AI infrastructure This decision comes as part of a broader trend of global job cuts at Amazon. Last month, CEO Andy Jassy warned employees that AI adoption would lead to a reduction in staff. An Amazon spokesperson, Brad Glasser, confirmed the recent job cuts at AWS, calling them 'difficult business decisions' necessary to 'invest, hire, and optimise resources.' 'We've made the difficult business decision to eliminate some roles across particular teams in AWS. These decisions are necessary as we continue to invest, hire, and optimise resources,' Glasser said. IBM cut over 1,000 R&D jobs in China last year, while Microsoft offered to relocate hundreds of Chinese employees working on AI and cloud. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Business Standard
15 hours ago
- Business Standard
Knot.dating Sets ₹50L+ Income Criteria for Men, None for Women
PRNewswire Gurgaon (Haryana) [India], July 23: The AI matrimonial app for 'India's Top 1%' - is now requiring male members to earn at least 50 lakhs annually, along with 100% background verification and having personal relationship managers for each member. The company believes this approach will better serve women on the platform. A new elite matchmaking app, has put a policy of allowing only high earning single men on its platform, whereas females have no salary cap. Built for serious relationship seekers, is India's first matchmaking platform that uses conversational AI and human-assisted matchmaking to deliver emotionally compatible matches. Co-founded by Jasveer Singh and Abhishek Asthana, is unlike other traditional matrimony platforms that rely on filters and swipes, listens, learns, and understands. Users don't fill out endless forms -- they simply talk. In just a few minutes AI conversation, the system captures personality nuances, emotional depth, and communication patterns to match users with high compatibility. " isn't for casual use -- it's for those who are ready for commitment," said Jasveer Singh, Co-founder & CEO. "The eligibility threshold is designed to create clarity, reduce noise, and ensure conversations start with shared intent." Early adopters have already praised its zero-spam onboarding, and deeply personal matchmaking approach. Backed by marquee investors like 3one4 Capital, Vijay Shekhar Sharma, Ritesh Agarwal, Ashish Hemrajani, Kunal Shah, and Ashneer Grover, had earlier raised $3.2M during its Hood journey. With this public launch, the company enters a new chapter -- one led by AI, human intuition, and the real pursuit of marriage. About We are - we're building the India's first AI-powered conversational matchmaking experience. While traditional matrimony platforms rely on filters and preferences, we're going deeper - using conversational AI that talks to you, understands you, and finds the right match for you. This is not just another matrimony app - it's a private, 100% verified, invite-only platform with total privacy. Our focus is on working professionals who are serious about finding a partner - individuals who want to take the lead in their own journey before involving their families Founded by Shark Tank-backed entrepreneurs, we're reimagining how modern Indians find their forever person- one meaningful conversation at a time Media contact: Jasveer Singh | jasveer@ Photo: Logo: (ADVERTORIAL DISCLAIMER: The above press release has been provided by PRNewswire. ANI will not be responsible in any way for the content of the same)
Business Standard
16 hours ago
- Business Standard
Business Optimism Index for Q3 2025 declines, but sub-indices indicate resilience in the domestic economy
PRNewswire Mumbai (Maharashtra) [India], July 23: Dun & Bradstreet, a global leader in business decisioning data and analytics, released the Business Optimism Index (BOI) for Q3 2025, which declined to 117--marking a 2.3% decline over the previous quarter. The modest decline was driven by a fall in optimism in the large and the medium sized firms, while small firms showed resilience. The moderation in sentiment stems largely from global economic uncertainty, prompting businesses to take a measured approach. However, the domestic outlook remains strong, supported by improving macroeconomic conditions. A marginal decline in selling volume q-o-q suggests businesses are skeptic about evolving demand conditions. The decline may reflect a dip in optimism around export orders, which had risen sharply in the previous quarter due to frontloading ahead of anticipated tariff announcements. In contrast, sentiment around domestic orders remained strong. The decline in optimism regarding selling prices likely reflects the subdued inflationary pressures in the economy. Overall, the survey indicates that firms are navigating the current landscape with measured confidence, balancing global risks with robust domestic opportunities. The Dun & Bradstreet Business Optimism Index, which has been tracking the changing business sentiment of India Inc. since 2002, continues to serve as a reliable leading indicator of India's economic growth, maintaining a strong correlation of approximately 80% with the Gross Domestic Product (GDP). Arun Singh, Global Chief Economist, Dun & Bradstreet, said, "While the Q3 2025 decline in the Dun & Bradstreet Business Optimism Index reflects a degree of caution among larger firms, the underlying resilience of the domestic economy stands out. Strong consumption fundamentals, rising investment activity, and targeted policy are lending support to business confidence, particularly among small businesses. The uptick in optimism around the domestic macroeconomic environment, despite global headwinds, signals trust in India's domestic growth momentum. As trade policy uncertainty clouds global demand, businesses are looking inward, with over half prioritizing the domestic market for future growth. Going forward, the recently signed India-UK Free Trade Agreement is expected to open new avenues for market access, improving trade through supply chain diversification. These developments are likely to boost business sentiment by enhancing export opportunities and driving innovation. Together, stronger external competitiveness and domestic market strength can sustain optimism and help Indian businesses navigate global volatility with greater confidence." Key findings from the Q3 2025 survey * The optimism for sales volume decreased by 1 percentage points in Q3 2025 compared to the previous quarter Q2 2025. The food, beverages, metals, and transportation sectors are the most optimistic, while construction and information & communication sectors show lower optimism. * The optimism for domestic orders rose by 3 percentage points in Q3 2025 compared to the previous quarter Q2 2025. The electricals, electronics, mining, textiles and leather sectors remain the most optimistic, while financial and insurance activities and automotive sectors report the lowest optimism. * The optimism for export orders fell by 1 percentage points in Q3 2025 compared to the previous quarter Q2 2025. Electronics, metals, textile and leather sectors lead optimism, while financial and insurance activities and automotive sectors remain least optimistic. * The optimism for selling prices fell by 11 percentage points in Q3 2025 compared to the previous quarter Q2 2025. The metals, hospitality, and food and beverages sectors show the highest optimism, while electronics and automotive sectors report lower confidence. * The optimism for net profit fell by 4 percentage points in Q3 2025 compared to the previous quarter Q2 2025. The financial and insurance, construction, and hospitality sectors are the most optimistic, while electronics, automotive, and capital goods sectors show lower optimism. * The optimism for the global macroeconomic environment fell by 5 percentage points in Q3 2025 compared to the previous quarter Q2 2025. The chemicals sector, along with utilities and professional and administrative services, remain most optimistic, while automotive and hospitality sectors show lower confidence. * The optimism for employment fell by 15 percentage points in Q3 2025 compared to the previous quarter Q2 2025. The hospitality, food & beverages, and textiles sectors exhibit high optimism, while automotive, transportation, and capital goods sectors show lower optimism. * The optimism for the domestic macroeconomic environment increased by 8 percentage points in Q3 2025 compared to the previous quarter Q2 2025. The information & communication, financial services, wholesale & retail trade, and transportation sectors show the highest confidence, while hospitality and capital goods sectors are least optimistic. * The optimism for input costs fell by 1 percentage points in Q3 2025 compared to the previous quarter Q2 2025. The metals, food and beverages sectors show higher optimism, while information & communication and financial services sectors report lower optimism. * The optimism for inventory levels saw an increase of 10 percentage points in Q3 2025 compared to the previous quarter Q2 2025. Mining and automotive sectors are the most optimistic, while metals and food and beverages sectors report the lowest optimism. Notes to Editors The Dun & Bradstreet Business Optimism Index (BOI) is a quarterly survey-based index designed to measure the pulse of the Indian business community and has served as a reliable indicator of the economy. Dun & Bradstreet surveys respondents (senior management) pan India across the Manufacturing and Services sectors, covering businesses of varying scale (large, medium and small) to calculate the BOI. Respondents are asked about their expectations (in terms of increase, decrease, or no change) regarding their company's performance (Ten BOI Parameters) in the ensuing quarter over the same quarter in the previous year. About Dun & Bradstreet: Dun & Bradstreet, a leading global provider of business decisioning data and analytics, enables companies around the world to improve their business performance. Dun & Bradstreet's Data Cloud fuels solutions and delivers insights that empower customers to accelerate revenue, lower cost, mitigate risk and transform their businesses. Since 1841, companies of every size have relied on Dun & Bradstreet to help them manage risk and reveal opportunity. For more information on Dun & Bradstreet, please visit Dun & Bradstreet Information Services India Private Limited is headquartered in Mumbai and provides clients with data-driven products and technology-driven platforms to help them take faster and more accurate decisions in domains of finance, risk, compliance, information technology and marketing. Working towards Government of India's vision of creating an Atmanirbhar Bharat (Self-Reliant India) by supporting the Make in India initiative, Dun & Bradstreet India has a special focus on helping entrepreneurs enhance their visibility, increase their credibility, expand access to global markets, and identify potential customers & suppliers, while managing risk and opportunity. India is also the home to Dun & Bradstreet Technology & Corporate Services LLP, which is the Global Capabilities Center (GCC) of Dun & Bradstreet supporting global technology delivery using cutting-edge technology. Located at Hyderabad, the GCC has a highly skilled workforce of over 500 employees, and focuses on enhanced productivity, economies of scale, consistent delivery processes and lower operating expenses. Visit for more information. Click here for all Dun & Bradstreet India press releases.
