AI creates efficiencies in sanctions checking @Euromoney

In transaction banking, the focus on technological development has centred on the possibilities of blockchain technology. However, this has overshadowed the arrival of AI into transaction-banking platforms. AI and machine learning are helping to further reduce manual checks and processes. The first target for implementation is sanctions and compliance. As companies become increasingly international, irrespective of size, checking against sanctions has become an essential activity for more than just the MNCs. AI can learn through experience what can pass through the sanctions filter, and what compliance obligations need to be checked.