AI in AFC and potential privacy protection issues

Among the most widely discussed topics today are the opportunities provided by artificial intelligence ( AI ) to improve efficiency and to reduce costs . This also stands true for antifinancial crime ( AFC ) processes .

Know your customer and transaction monitoring processes work with large amounts of data . Because of this , pairing these processes with the power of AI has the potential to generate a great upside because AI has the capability to answer questions and analyze large amounts of text and numeric data almost instantaneously .

50 acamstoday . org