Whenever a new technology enters a market it comes with both tales of hyperbolic virtue and the need for extreme caution. The introduction of AI and ML tools to fight…
-
-
For financial institutions, IT management is a large part of daily operations. From record keeping to stakeholder communications and data capture, financial institutions are burdened with large amounts of data…
-
BankingtechFeatured
EY’s Carl Case Dispels the Myths of AI and ML, Explains Value to Fighting Financial Crimes
It’s estimated that money laundering and other financial crimes defraud banks of between $3 and $5 trillion dollars in an average year. And, yet, despite a sizeable investment by all…
-
BankingtechFeatured
The Key to Successful Outsourcing: Best Practices for Financial Services Organizations
Today, whether they like it or not, financial services organizations are technology companies. Data capture, record keeping, stakeholder communications, and internal operations square off against regulatory and security concerns; combined…
-
Anti-money laundering (AML) efforts are nothing new to the financial industry, but the regulations and technologies that are driving these efforts are. With new, complex regulations and technologies like artificial…
-
With massive amounts of data being compiled on a daily basis, financial institutions are turning to artificial intelligence (AI) to improve customer experience, detect risk, and simplify common tasks. While…
-
From community banks to federal agencies like the U.S. Department of Treasury, artificial intelligence is being implemented to better the customer journey, increase customer engagement, fight money laundering activities, and…
-
Today, for banks to keep customers happy they must go beyond the traditional tactics. From artificial intelligence to machine learning, financial institutions are enlisting fintech to provide customers with a…
-
The ACAMS moneylaundering.com 24th Annual International AML & Financial Crime Conference is coming to a close today and has showcased the transformation taking place in the worlds of AML and…
-
BankingtechFeatured
Customer Experience, a Top Concern for Consumers, Evolving Financial Institutions
Financial institutions are working to implement digital strategies that not only draw in customers but keep them coming back for more. For many banks, the digital focus has overshadowed in-person…