Editor's picks: The many applications of Machine Learning in banking

Can robots and data stop banks terror financing? Buying a new printer from ISIS is probably not how many people envision their stationary shopping to proceed. But it was only a month ago that the FBI announced that it had found a senior Islamic State (ISIS) official sent money to an alleged operative based in the US via a global financial network that used fake eBay sales to mask payments. This is a timely reminder about how vulnerable businesses can be to terrorist financing. Gurjeet Singh, co-founder and Executive Chairman of Ayasdi, spoke to bobsguide about the challenges of compliance with anti-money laundering, the characteristics of AI, and how AI is vastly improving false positive rates on suspicious security reports. It's a Catch 22: to get financial credit, you need a credit history; to get a credit history, someone has to give you credit.