AI Use Case

Determining threshold level at which to flag compliance risks

Determining threshold level at which to flag compliance risks with the aim to minimise both 'false positives' and 'false negatives' both of which carry a cost

Function

Legal And Compliance

Compliance

Benefits

Risk reduction - Reduced compliance risk,Risk reduction - Evaluate counter-party risk (eg credit scores),Cost - Reduce wastage

Case Studies

HSBC~HSBC reduces false positives for money laundering detection by 20% using AI to automate the system rules

Industry

Financial Services

Banking

Data Sets

Structured / Semi-structured

AI Technologies

Machine Learning (ML),ML Task - Grouping - Anomaly Detection

Potential Vendors