How smarter machines can make us smarter humans
Another industry that's starting to hone in on specific business use cases, instead of taking a technology-first approach, is financial services. Though the last few years have mainly seen companies looking at AI in the forms of automating content operations, enhancing trading tools and improving customer service, they're now demonstrating how AI can tackle much larger societal issues such as financial crime. Currently, only 1% of financial crime that happens through the banking system is stopped. AI has a real opportunity to bring together industry, government and regulators to consider a new approach. Various businesses – both start-ups and larger corporations alike – are making strides in fraud identification, sanctions screening, money-laundering, anti-bribery and corruption.
Oct-21-2018, 23:34:51 GMT
- Industry:
- Banking & Finance (1.00)
- Law Enforcement & Public Safety > Fraud (0.95)
- Law > Criminal Law (0.68)
- Technology: