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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
Potential Vendors
Industry
Financial Services
Banking
Data Sets
Structured / Semi-structured
AI Technologies
Machine Learning (ML),ML Task - Grouping - Anomaly Detection
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