AI in Action: 5 innovative Risk Management Solutions in the APAC

By Gloria Mathias

The financial sector in the Asia-Pacific (APAC) region is developing rapidly, with artificial intelligence (AI) and machine learning (ML) playing a pivotal role in transforming how businesses handle risk and compliance. From automating complex regulatory processes to detecting fraud in real-time, these technologies are reshaping the industry’s approach to safeguarding financial integrity. In a region as diverse and dynamic as APAC, where regulatory requirements and fraud patterns vary widely, AI-powered solutions offer unmatched adaptability and precision.

Listed below are 5 AI-driven risk management platforms in APAC: 

• Commonwealth Bank of Australia’s AI-Powered Tools

The Commonwealth Bank of Australia (CBA) has been a pioneer in leveraging AI for risk management. Its advanced systems streamline financial crime investigations by integrating multiple processes into a unified framework. The AI platform also aids in reducing customer wait times and minimising scam-related losses, demonstrating its dual benefit for operations and security. The bank has reported a 50% reduction in customer scam losses by implementing AI-based safety and security features such as NameCheck, CallerCheck, and CustomerCheck. These tools are designed to reinforce the security of transactions and customer interactions.

• ComplyAdvantage for AML and Sanction Screening

ComplyAdvantage, in the context of AML (Anti-Money Laundering) and Sanctions Screening, is a software platform that uses artificial intelligence to help businesses identify and mitigate risks associated with financial crimes by screening customers and transactions against global sanctions lists, PEP (Politically Exposed Person) databases, and adverse media, essentially allowing them to comply with regulations related to money laundering and terrorist financing by identifying potentially suspicious activity through automated checks. ComplyAdvantage offers AI-driven tools for anti-money laundering (AML) compliance and real-time sanctions monitoring. With its growing presence in Singapore and the broader APAC region, the platform helps financial institutions ensure seamless compliance while effectively mitigating financial crime risks.

• Dynatrace AI-Driven Observability

Dynatrace AI-Driven Observability uses artificial intelligence to automatically analyse vast amounts of data from applications and infrastructure, providing insights into performance issues, identifying root causes, and proactively detecting anomalies. This allows teams to quickly pinpoint and resolve problems within complex systems without manual intervention. Dynatrace provides a robust AI-based observability platform tailored to the needs of APAC financial institutions. Its proprietary AI engine, Davis, empowers banks to conduct predictive analytics, identify vulnerabilities, and perform root-cause analyses automatically, boosting operational resilience and proactive risk management.

• Impact Analytics Risk Assessment Solutions

Impact Analytics Risk Assessment Solutions uses data analytics to identify, assess, and prioritise potential risks within an organisation by analysing large datasets. This enables businesses to proactively mitigate potential negative impacts and make informed decisions based on predicted risks, often focusing on areas like financial, operational, and compliance risks. Impact Analytics is expanding its influence in APAC with AI-powered tools that specialise in credit risk evaluation and financial health monitoring. Designed for regional financial institutions, these tools enable accurate decision-making by offering insights into evolving risk landscapes.

• Feedzai RiskOps

Feedzai’s RiskOps platform has become a trusted solution for detecting fraud and managing transaction risks in real-time. Widely used across APAC, the platform utilises machine learning algorithms to monitor and analyse vast volumes of financial data, enabling banks and businesses to stay ahead of emerging threats. Feedzai RiskOps is a platform that uses artificial intelligence (AI) to provide a unified view of financial crime risk across all payment channels, allowing businesses to detect and prevent fraud, money laundering, and other financial crimes in real-time.