Ditch the mystery of out-of-the-box AI--Train AI with your own data, decisions
Directed Intelligence: AI/ML for Financial Crimes, trained with your work, your way
Directed Intelligence?refers to the capturing—as digital data—of every decision made by Compliance and GRC professionals in an organization. RegTechONE, our AML software platform, makes possible Directed Intelligence for financial institutions and other organizations.?With Directed Intelligence data from RegTechONE, financial institutions can adopt AI and ML tools that are trained to do the institution's own work in the institution's own way.
Directed Intelligence data provides an extraordinary digital archive of Compliance pre-decisions and operations that are stored within RegTechONE. With Directed Intelligence, institutions digitally archive every decision made by their own Compliance and GRC experts. With comprehensive Directed Intelligence data, institutions can then train their AI tools to align precisely with their AML program.?
Directed Intelligence on the RegTechONE platform solves the problem of out-of-the-box AI, the training of which is an opaque ‘black box’ to financial institutions. Directed Intelligence is the crucial bridge to AI tools that can be trained in-house to do Your Work, Your Way.
Why is black-box AI a problem in AML Compliance?
AML Compliance requires organizations to create Risk-based approaches unique to their needs. Organizations need to be able to explain their Risk-based approach and every element of its implementation to examiners and auditors.?With AI trained in-house using Directed Intelligence, an organization can explain precisely how its AI tools were trained.
With out-of-the-box AI tools, organizations get an AI ‘trained’ on data, decisions, and actions that originate outside of the organization.?Without leveraging Directed Intelligence data, the vast majority of organizations have no choice but to trust these opaquely trained AI tools or else avoid their use.
Institutions that choose Directed Intelligence on the RegTechONE platform solve the problem of opaque AI. Directed Intelligence as a transitional bridge between legacy systems (i.e. systems pre-AI) and AI represents an extraordinary opportunity. Institutions will be able to adopt AI—and?still adhere fully and transparently to their unique Risk-based Approach.
Your Directed Intelligence is the best teacher of your AI?
The institution that uses AI is the best teacher of that AI. There is no better ‘curriculum’ with which to train your AI than your own Directed Intelligence–your pre-decisions, your workflows, your Key Risk Indicators, your?everything.??
Training your AI in-house with your Directed Intelligence data leverages the expert work over time of?your?compliance officers, analysts, auditors, operations personnel, and front office. In AML Compliance and related high-stakes GRC, training your AI to your own specifications gives you crucial transparency and control. That transparency and control are unavailable to you with an out-of-the-box AI tool.
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How do institutions get started with Directed Intelligence in AML?
Directed Intelligence—your bridge to in-house-trained AI—requires use of?RegTechONE, the?RegTech software platform?designed by AML Partners. RegTechONE provides the ideal AI training data because it is a no-code workflow-creation platform. And RegTechONE also archives every action, every change, and every decision executed by your AML software. Simply by using RegTechONE for your AML software solution, you are archiving your institution’s planning, decision-making, and operations for AML Compliance.
To learn more about Directed Intelligence on the RegTechONE platform, read the full article here or contact us today.
The full article on our website provides additional details on the following:
AML Partners named to AIFinTech100 list for RegTechONE platform’s AI/ML options
AML Partners was pleased to learn that FinTech Global?has named AML Partners as an AIFinTech100 company. AML Partners’?RegTechONE? platform?helps financial institutions seamlessly integrate AI and machine-learning (ML) tools into existing GRC and AML software. And RegTechONE also makes possible?Directed Intelligence data?for in-house training of AI tools--your work your way with AI and ML.
FinTech Global, a specialist research platform for all things FinTech, launched the latest edition of the?AIFinTech100 list?today. This ranking highlights the world’s more innovative companies who are developing AI and machine learning technologies. The purpose of these technologies is to solve challenges or improve efficiency in financial services.
To read more about AML Partners' inclusion on the AIFinTech100 list, check out this story on our website.