Is Artificial Intelligence Ready for Financial Compliance?

Like many industry buzzwords, Artificial Intelligence (AI) has become a hot topic that RegTech technologists often write or speak about. But the reality is – AI has become an overloaded and misused term, often mistaken for Machine Learning (ML). This blog aims to clarify the difference between the two, explain some of the complexities of implementing these solutions today, and highlight how ML can immediately add value in financial compliance applications. In simple terms, Artificial Intelligence enables computer systems to perform tasks that require human intelligence. Intelligence is the key word.