Understanding AI

Understanding AI
Dedicated to exploring the critical role of artificial intelligence (AI) and other advanced technologies in combating financial crime, Understanding AI is your guide to the future of anti-financial crime. These tools continue to revolutionize the detection and prevention of fraud, money laundering, and other illicit activities, while highlighting the latest innovations, trends, and best practices that enhance financial security and integrity. The column serves as a valuable resource for professionals seeking to stay informed about cutting-edge developments in AI-driven financial crime prevention.

How trustworthy AI can help with accountability in AML
In Focus, Practical Solutions, September – November 2023, Understanding AI

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The abundance of data provides an incredible opportunity and a significant risk for banks. Efficient and effective use of data is critical to combat fraud and financial crimes, manage credit as well as regulatory risk, enhance customer experience, generate sufficient capital and address other issues...
December 2019 - February 2020, Practical Solutions, Understanding AI

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The debate over whether financial institutions (FIs) should pursue advanced technologies—including intelligent automation, artificial intelligence and machine learning—to drive sanctions compliance has shifted from “if” to “when, how and to what scale?” These technologies redefine what is possible in sanctions compliance by helping implement...