Compliance Insights

Historically, financial crime detection has involved mostly after-the-fact (hindsight) identification of potentially illicit activity gleaned from reviewing massive amounts of alerts — most of which are non-productive. Enter artificial intelligence (AI), which offers the opportunity not only for better detection results (insight) but for predicting (foresight) when suspicious activity may occur. Add the potential process efficiencies that AI offers across many facets of financial crime compliance programmes, and the large number of companies at risk of being used to facilitate financial crime — and it becomes clear why enterprises are increasingly eager to understand and explore the opportunities.

Over the past five years, enterprise spending priorities have shifted significantly. Budgetary pressures, inflation, higher interest rates and the overall global economic climate have compelled businesses to emphasise maximising value and minimising financial risk across all operations. This has had a profound impact on technology projects. Read how organisations can unleash growth with technology modernisation, lower costs and effectively meet regulatory requirements.