CURRENT AFFAIRS

Detailed explanation-1: -Temenos FCM, which uses patented Explainable AI (XAI), helps banks make smarter, faster decisions by quickly determining if an alert is genuine or not to improve accuracy and productivity.

Detailed explanation-2: -legitimate sources, such as the abuse of charities or legitimate businesses. self-financing (i.e. through their members or sympathisers) criminal activity.

Detailed explanation-3: -Financial crime risk management (FCRM) is the practice of proactively looking for financial crime, including investigating and analyzing suspicious activity, rooting out vulnerabilities and taking steps to lower an organization’s risk of becoming a victim.