Historically, financial crime detection has involved mostly after-the-fact (hindsight) identification of potentially illicit activity gleaned from reviewing massive amounts of alerts — most of which are nonproductive. Enter artificial intelligence (AI), which offers the opportunity not only for better detection results (insight) but for predicting (foresight) when suspicious activity may occur. Add the potential process efficiencies that AI offers across many facets of financial crime compliance programs and the large number of companies at risk of being used to facilitate financial crime. 

Gain insights with our FAQ on the use of AI for financial crime compliance, enhancing detection and predictive financial security measures.