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Machine Learning in Financial Crime Control

#artificialintelligenceApr-12-2022, 12:05:34 GMT

Yesterday I was approached multiple times about this FD article and Sygno's experience with regulators and Machine Learning in Transaction Monitoring. And, due to the lawsuit, with special interest in how the Dutch central bank (DNB) operates in these matters. Though I don't know the details of this case other than those presented in the media, it seems we have a vastly different experience with (Dutch) regulators. We see a regulator that actively promotes Machine Learning and usage of Data. That doesn't mean that all Machine Learning initiatives pass their scrutiny.

artificial intelligence, financial crime control, machine learning, (8 more...)

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Industry:

Banking & Finance (0.92)
Law Enforcement & Public Safety > Fraud (0.56)

Technology:

Information Technology > Artificial Intelligence > Machine Learning (1.00)
Information Technology > Artificial Intelligence > Issues > Social & Ethical Issues (0.33)

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