Tag: Artificial Intelligence (AI)

Wayne, PA (January 5, 2021) – QuantaVerse, which uses AI and machine learning to automate financial crime identification and investigations, finished 2020 well-positioned for continued growth in 2021 due to its dedicated focus on solving AML challenges and a commitment to innovation. In 2020, QuantaVerse introduced a series of technology enhancements to its AI-powered ...

Platform’s First Feature Empowers Sales to Quickly & Efficiently Close Deals  Seattle, WA (March 1, 2021) — Strike Graph, a compliance automation startup, today announces the launch of its new AI technology platform. The first feature on the new Strike Graph AI platform is the ability to answer each question ...

Palo Alto, CA (March 4, 2021) – Stoke Talent, a leading freelance management system, announces today the release of its Worker Classification Engine. This artificial intelligence algorithmic screening solution is able to offer early detection of high-risk independent contractor (IC) and/or freelancer relationships, which may lead to costly misclassification penalties ...

In the financial services sector, compliance processes are often reactive, rather than proactive. But new technology use cases are changing that. Northern Trust’s Dan Houlihan discusses how the compliance field will evolve thanks to AI, blockchain and better data management practices. As new regulations emerge globally, compliance requirements for financial ...

The COVID-19 pandemic has created urgency for organizations to ramp up digital adoption, but as they pivot entire service lines, digitalize operations and automate processes, they create unintended compliance risks. Baker & McKenzie’s Jessica Nall explains. The digital transformation of businesses around the world has been a steady, incremental evolution. But ...

Sponsored Storing data is essential, but with a huge number of electronic communications channels being used today, there is a greater danger of illegal behavior going unnoticed if archives fail to proactively monitor for potential issues. Shield’s Oliver Bradford examines the need for intelligent search tools and proactive automated systems to cope ...

Facebook has been a case study in how not to handle data. Compliance.ai’s Kayvan Alikhani discusses how companies can navigate the risks and complexities that lie ahead on the artificial intelligence front. There are two schools of thought when it comes to regulating artificial intelligence at the launching point of ...

Most financial institutions are already on the path to using artificial intelligence in markets surveillance. NICE Actimize’s David Ackerman explores how this shift will impact compliance and the new skills compliance officers will need to cultivate. As those tasked with financial market compliance will tell you, the vast majority of ...

Fresh from the IFCA’s first International Compliance Congress, Sofia El Mansouri offers an overview of the event’s theme and select highlights from the past week. A successful five-day event came to a close as the International Federation of Compliance Associations (IFCA) ended its first International Compliance Congress on November 20, ...

Guðmundur Kristjánsson, CEO of Lucinity, discusses the recent uptick in AML fines and what this may portend for banks and other financial institutions in the fight against financial crime. The number of fines for anti-money laundering (AML) failures during the first half of 2020 has already outstripped those for the entirety ...

Is AI the answer to effective risk management? IsoMetrix’s John Castner details why companies need to stop focusing on predictive analytics and instead prioritize removing a siloed risk management approach to deal with the impact of COVID-19. As industries push to leverage technology, in today’s COVID-19 world, many are looking ...

While AML and CFT aren’t necessarily simple matters, training on these topics can be made overly complex. Compliance pros Gustavo Fideney and Alvaro Ruiz Ostos offer a more accessible interpretation. Webinars On AML: Harsh Times Everyone talks about how important anti-money laundering (AML) and combating the financing of terrorism (CFT) ...