Late last year, OCBC Bank became the first bank in Singapore to implement artificial intelligence and machine leaning in its efforts to root out suspicious activities, specifically money laundering and other financial crimes. To do so, it turned to ThetaRay, a global cyber-security and big data [...]
Faced with an ever-increasing compliance burden, financial institutions are seeking to make their AML operations more efficient and effective. As part of this effort, firms are exploring ways to supplement legacy AML technologies with advanced [...]
“Across the board, more criminals will use AI and machine learning to conduct their crimes. Ransomware will be automatic, bank theft will be conducted by organized gangs using machine learning to conduct their attacks in more intelligent ways, and smaller groups of criminals will be able to [...]