The Small Business Administration has restricted the use of robotic processing automation, or RPA, to enter Paycheck Protection Program loan applications amid lenders’ significant difficulties accessing the E-Tran system.
Two challenges for today’s anti-money laundering professionals: focusing on high-value functions and eliminating false positives that consume unnecessary resources. Nicholas Piccininni, who leads a 1,500-person financial crimes risk management team at Wells Fargo, explains how Wells puts technology to use to tackle these challenges.
By Jim Neckopulos