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.

Function

Legal And Compliance

Compliance

Benefits

Cost - Fraud reduction,Risk reduction - Reduced compliance risk

Case Studies

"HSBC~HSBC uses artificial intelligence to help spot money laundering, fraud and terrorist funding in its network"

Industry

Financial Services

Banking

Data Sets

Structured / Semi-structured,Time series

AI Technologies

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

Potential Vendors

Quantexa,Albion Ventures