White paper

The generative AI phenomenon in anti-financial crime: a look under the hood

By Mark Speyers
 

Generative AI’s impact on financial crime

In the dynamic realm of financial crime prevention, generative Artificial Intelligence (generative AI or gen AI) has emerged as a game-changer. Its remarkable ability to analyze vast datasets, adapt rapidly, and address complex challenges has ignited the interest of IT and AML professionals alike. The untapped potential of generative AI positions it as a cutting-edge technology, but its integration into AML compliance and fraud platforms necessitates thoughtful consideration. Key factors such as foundational model design, ethical and operational implications, privacy concerns, model transparency, and regulatory alignment are paramount. Striking the right balance between automation and human expertise is vital to ensure effective use of this technology.

For a comprehensive exploration of these developments, download our white paper today and stay at the forefront of financial crime prevention.

Access now

See more

U.S. Investment Advisers in FinCEN crosshairs with proposed AML and CIP requirements
 
06.24.2024 Blog

U.S. investment advisers in FinCEN crosshairs with proposed AML and CIP requirements

Financial Services Square Icon Svg
AI solves sanction evasion
 
06.10.2024 Byline

The threat of sanctions evasion creates challenges similar to those in AML. But AI can help.

Financial Services Square Icon Svg
Improving detection efficiency with AI
 
Video

Improving detection efficiency with AI

Financial Services Square Icon Svg