USING AI TO DETECT MONEY LAUNDERING NETWORKS

By John Spooner, Head of Artificial Intelligence, EMEA, H2O.ai Artificial Intelligence (AI) has evolved significantly from being a mere technology buzzword, to the commercial reality it is today. The technology is making a positive impact across many industries, including the financial sector. The financial services industry has a reputation of constantly innovating and advancing new technologies, in the pursuit of strengthening the customer base, and finding new revenue opportunities. This is happening across all segments including capital markets, commercial banking, consumer finance and insurance. The use of AI in the financial services is rapidly changing the business landscape, even in traditionally conservative areas.