AI Use Case
Identify and manage money laundering risks
Determine whether there are patterns of activity that suggest money laundering and compliance risks. Investment in Anti Money Laundering (AML) increasingly a regulatory focus (and cost) for banks operating in international systems.
Legal And Compliance
Cost - Fraud reduction,Risk reduction - Reduced compliance risk
"HSBC~HSBC uses artificial intelligence to help spot money laundering, fraud and terrorist funding in its network"
Structured / Semi-structured,Time series
Machine Learning (ML),Product Type - Natural Language Processing (NLP),Product - Optical Character Recognition (OCR),ML Task - Prediction - Annotation,Traditional AI,ML Task - Prediction - Binary Classification,ML Task - Prediction - Data Translation/Transformation