Genpact Integrates riskCanvas with Amazon Bedrock to Transform Financial Crime Management with Advanced Generative AI Capabilities USA - English APAC - English
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~ Genpact, a global professional services firm, has expanded its relationship with Amazon Web Services (AWS) to transform financial crime risk operations. By integrating Genpact's proprietary cloud-based financial crime suite, riskCanvas™, with Amazon Bedrock, the company is driving accelerated efficiencies and delivering substantial impact for clients such as Apex Fintech Solutions.

The combination of Genpact's intellectual property and deep industry expertise with AWS's generative AI capabilities is unlocking exponential value and improving speed and accuracy in the detection, investigation, and prevention of financial crime threats for operations across enterprises. This allows experts to review outputs and incorporate a guided decision-making process, providing comprehensive summaries and analyses of potential financial crime activities – accelerating both efficiency and precision.

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Justin Morgan, Head of Financial Crimes Compliance at Apex Fintech Solutions said: "Financial criminals are constantly innovating, which means financial services companies need to use advanced digital technologies to stay one step ahead of them. With the addition of generative AI features to Genpact's riskCanvas, our analysts will be able to produce Suspicious Activity Report (SAR) narratives and case summaries at the click of a button using inputs from millions of data points. We expect this will reduce time spent on case summarizations by 60%, allowing our analysts to spend more time identifying truly suspicious financial activity."

Amazon Bedrock is a fully managed service that enables developers to test, integrate, and deploy industry-leading foundation models (FMs) via an application programming interface (API) and customize the models to best suit their unique use cases. Using approved client data from the secure riskCanvas ecosystem combined with Amazon Bedrock's secure data handling enables the generation of highly accurate outcomes while maintaining data protection across clients. Atul Deo, General Manager at Amazon Bedrock said: "Responsible AI is a core consideration in AI implementation and its importance will continue to increase. Amazon Bedrock is rooted in secure data handling, encrypting all data and allowing users to customize models privately. Integrated with Genpact's riskCanvas this powerful combination enables our mutual customers to enhance productivity in investigating detecting and preventing financial crime threats."

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BK Kalra Global Business Leader at Genpact commented: "Data complexity and volume false positives and evolving sophisticated criminal tactics are accelerating the need for businesses to harness generative AI to transform financial crime operations. Genpact's expanded relationship with AWS represents a pivotal step in redefining the operations landscape for enterprises Together we can unlock untapped value fuel significant growth opportunities for our clients solidifying our commitment to delivering valuable business impact."
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