Trendspotting: From AI to fight crime to new opportunities to safeguard the financial system.
Artificial Intelligence: Enabling a Step Change in Fighting Financial Crime
Globally, the financial industry is fighting a $3.1 trillion financial crime problem amid rising operational costs and evolving criminal activity. As pressure mounts, innovating with artificial intelligence (AI) is key for financial institutions to increase efficiency and enable a step change in fraud prevention and AML/CFT capabilities.?
In this special event, industry experts Rob Norris, Nasdaq Verafin, and Ruben Falk, Generative AI and Machine Learning Lead, Financial Services, Amazon Web Services (AWS), discuss the power of AI in fighting financial crime. From expert systems to machine learning with big data, and automation with generative AI, this industry conversation explored use cases to help financial institutions refocus time and resources, enhance detection, improve investigations and more.?
Applying AI to Fight Crime
With the industry buzzing on AI, Rob Norris, Head of Product Strategy at Nasdaq Verafin, discusses how the new technology will enable a step change in fraud prevention and AML/CFT capabilities.
Artificial Intelligence: Outsmarting Financial Crime
Artificial Intelligence (AI) is a powerful, dynamic solution that offers benefits to help fight modern financial crime. Check out this enlightening infographic that explains AI and the uses for AI in financial crime management systems.
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Three Opportunities to Safeguard the Financial System
The financial industry needs to band together to respond to the pervasiveness of the $3.1T financial crime problem. Industry professionals identified three main opportunities where the financial industry can improve and increase efficiency in their collective efforts to fight financial crime.
Instant Payments: Scaling and Responding to New Fraud Risks
Criminals exploit the speed at which money moves, and as instant payments adoption grows – time is a fraudster's biggest advantage. With the power of consortium analytics, financial institutions can harness insights from across the industry to understand the risk on the other end of a transaction and stop instant payments fraud before money leaves your institution. ??
Highlights of this expert webinar include:?