Using artificial intelligence for forensic probe

By Nikhil Bedi & Vivek Bhamodkar With evolving business models, increased use of tech and a changing regulatory landscape, fraud management is fraught with newer and more complex challenges. These are further exacerbated during cross-border investigations, where varied levels of standardisation, languages, local laws and regulations, along with specific cultural attributes, bring additional complexities--mandating an investigation methodology standardisation and requiring tools for quick insights. Emerging technology and artificial intelligence (AI) can help make investigations efficient, generate insights, and/or aid reviews. Optimal use of AI demands the knowledge of'possibilities and limitations' of such techniques, either in the form of'special purpose software' or the ability to combine various methods. As significant a role as these tools and technologies may play in the fight against fraud, use of AI, NLP and other technologies come with their own set of challenges.