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Ant Group Recognized for Best AML Technology Initiative in Asia Pacific and Best GRC Implementation in China

original Ant Group was recognized for the Best AML Technology Initiative in Asia Pacific and the Best GRC Implementation in China.

Ant Group was recognized for the Best AML Technology Initiative in Asia Pacific and the Best GRC Implementation in China.

HANGZHOU, China--(BUSINESS WIRE)--Ant Group has been recognized by The Asian Banker as the Best Anti-Money Laundering (AML) Technology Initiative in Asia Pacific for its advanced AML system, and as having the Best Enterprise Governance, Risk, and Compliance (GRC) Implementation in China for its unified indicator management platform, RiskKey.

Ant Group has implemented a unified AML framework by integrating AI, image computing and large language model technologies, and has applied it to its global operations across multiple industries.

By standardizing risk indicators and automating suspicious transaction reporting, Ant Group has reduced compliance preparation time by nearly 30% and increased the speed of strategic decision-making by 90%. Using intelligent tools such as RiskKey and iGuardian, Ant Group has enhanced the accuracy of anti-money laundering detection and operational efficiency, enabling the swift generation of reports compliant with regulatory standards.

The RiskKey platform addresses core challenges in AML, such as indicator governance through semantic research and development and intelligent services. It has increased indicator development efficiency by 40%, achieved 99.99% data availability, and saved over RMB 10 million ($1.4 million) in annual costs.

About Ant Group

Ant Group is a global digital technology provider and the operator of Alipay, a leading internet services platform in China, connecting over one billion users to more than 10,000 types of consumer services from partners. Through innovative products and solutions powered by AI, blockchain and other technologies, Ant Group supports partners across industries to thrive through digital transformation in an ecosystem for inclusive and sustainable development. For more information, visit www.antgroup.com.

Contacts

Media Inquiries
Yinan Duan
globalcomms@antgroup.com

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Ant Group

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Contacts

Media Inquiries
Yinan Duan
globalcomms@antgroup.com

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