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.

The Use of AI and Machine Learning in Financial Crime Compliance
Back to the Basics, Compliance, Featured Column, Understanding AI

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Nowadays, people often talk about artificial intelligence (AI) and machine learning. “Artificial Intelligence is the field of developing computers and robots that are capable of behaving in ways that both mimic and go beyond human capabilities. AI enabled programs can analyze and contextualize data to...
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...