While the sophistication of fraud and financial crimes continues to grow, advancements in artificial intelligence (AI) and machine learning (ML) have transformed the compliance assessment landscape, automating key processes, identifying hidden patterns, and producing reliable predictions. These evolving AI/ML solutions can enhance the speed, efficiency, and effectiveness of investigations deployed across the public and private sectors.
In this Insights, CRA’s Jason Vigeant and Emily Butler evaluate the approaches that organizations are undertaking to leverage AI/ML for the detection of fraudulent activities and financial crimes, and to expose risks and highlight anomalies that might have gone undetected by conventional approaches.
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