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Which regulatory technology (RegTech) application automates compliance reporting for financial institutions?
- Chatbots
- AML Transaction Monitoring
- Robo-Advisors
- Digital KYC
Answer: AML Transaction Monitoring
AML (Anti-Money Laundering) transaction monitoring uses AI/ML to analyze transactions in real-time, flag suspicious patterns, and generate regulatory reports (STRs). Reduces manual effort, improves detection accuracy, and ensures compliance with RBI/FIU-IND guidelines. Part of broader RegTech suite including KYC automation, risk assessment, and audit trails.