Temenos (SIX: TEMN), a banking tech stack provider, has announced a new AI agent designed to counter crime and fraud for its user base.
Temenos FCM AI Agent is designed to detect, investigate, and prevent sanctions transgressions. It uses AI to reduce false positives and evaluate screening alerts in real time, augmenting human capabilities.
Temenos says that financial institutions are struggling with the cost of compliance, and over 40% of this cost is said to be tied to personnel, due to manual processes.
Barb Morgan, Chief Product and Technology Officer, at says the new AI Agent for Financial Crime Mitigation has been co-created with a Tier-1 bank that helps banks to stay ahead of increasingly complex compliance challenges.
“By using agentic AI for real-time decision-making, we’re helping our clients screen smarter, faster, and with greater confidence.”