Accelerating the Digital Shift in Financial Services with AI and Data Privacy IBM Research Blog

Financial crimes continue to plague the global economy. As nefarious actors become smarter, the costs of money laundering and associated crimes has reached the trillions. At the same time, the disparities between those who can access financial services – and those who cannot – threatens to widen. To help solve these gaps, IBM Research is building new AI and data encryption tools to help keep data safe, cybercrime at bay, and make financial services more accessible. The onus to spot financial crimes falls on banking and financial institutions, who can face enormous fines for compliance failures and failing to detect, report and pre-empt criminal activities.