From algorithms to action: Financial institutions must embrace AI to fight financial crime

Integrating AI and machine learning into anti-money laundering (AML) and combating the financing of terrorism (CFT) systems has become imperative for financial institutions (FIs) to safeguard their operations, customers and reputation effectively. Sophisticated financial crimes require advanced solutions to detect and prevent fraud. Money laundering, for example, is a financial [...]

From algorithms to action: Financial institutions must embrace AI to fight financial crime was published on SAS Voices by Seema Rathor