Artificial Intelligence: The New Currency of financial services

According to Wikipedia, when a machine mimics "cognitive" functions that humans associate with other human minds, such as "learning" and "problem solving", it is said to use Artificial Intelligence (AI). Today, we see AI is disrupting almost every industry and threatening jobs due to automation capabilities. Banking and financial services (BAFS) involves serious data crunching, which is why it is no wonder that it has been an early adopter of AI. In Anti Money Laundering: Money laundering is the dark reality of financial services industry. Having identified the loopholes in the financial system, money launderers became experts in making illegal transactions look perfectly legitimate. However, they leave trails that reflect patterns in money laundering.