3 Oct 2023
In a recent article published by Banking Risk and Regulation, a dedicated resource from Financial Times Group Specialist, Chrisol Correia, our Chief Strategy Officer, highlights the role of artificial intelligence (AI) in compliance functions, with a focus on areas like anti-money laundering and counter-terrorist financing.
While AI offers increased effectiveness, there's a growing concern about its explainability. AI decisions can be intricate and hard to grasp, raising doubts among regulators and customers. Read more to understand how a hybrid approach, combining traditional rules-based compliance with AI-powered solutions, can effectively address this concern.