Kaufman Rossin's risk advisory and automation specialists helped a domestic agency of a foreign financial institution improve its BSA/AML program with a robotic process automation (RPA) solution.
The bank's compliance department was struggling to capture all transaction information to update customers' risk ratings, and this raised a flag with their auditor. Performing the analysis manually would have taken too much time, and custom software solutions would be extremely costly. By implementing an RPA solution, the compliance team satisfied the auditor's concerns in a fraction of the time and cost of alternative solutions.
