Fivecast introduces AI platform to help banks detect financial crimes amid $4.3B in U.S. penalties.

Fivecast has launched an AI-driven platform to help financial institutions streamline investigations into financial crimes, anti-money laundering, and customer due diligence. The platform analyzes online data to quickly assess customer risks, providing timely and global insights. This is crucial as U.S. regulators imposed over $4.3 billion in penalties for financial crimes in 2024.