money laundering and terrorism financing
Artificial Intelligence a Compliance Job Killer
One answer might come from an artificial intelligence innovation. By combining machine learning analytics with robotic process automation, a new solution almost eliminates the manual search for third party data. The artificial intelligence breakthrough will reduce investigation time for a single alert by up to 70 percent according to an announcement from U.S. firm Nice Actimize. As the fastest growing wealth region in the world, money laundering and terrorism financing is a growing area of concern for Asia. Recognising the threat the Monetary Authority of Singapore launched a government-industry effort to strengthen Singapore's capabilities in identifying and fighting the threats last year.