Using AI is the only way to address sanctions and adverse media screening

Financial institutions are applying AI with great success to deliver new and innovative services to customers. Wielded by compliance teams, AI can also transform an organization’s ability to stop financial crimes before they occur and keep an FI in the good graces of regulators.

As criminals use their own advanced technologies, including AI, to invent new and sophisticated ways to take advantage of the financial system, FIs must keep pace.

Against this backdrop, FIs face an additional challenge of reigning in compliance costs, which have soared in recent years, thanks in large part to inefficiencies and massive volumes of alerts that prove to be false positives.

As many FIs are happily discovering, AI can improve speed, accuracy, and reduce costs while turning the fight against financial crime in favor of FinCrime teams.

Download the CapGemini viewpoint, created in partnership with WorkFusion, to learn about: 

• Seven benefits that AI offers to financial institutions.
• A strategic approach for effective AI implementation
• How your compliance teams can confidently drive better results and more value in today’s complex compliance environment.
• How AI can transform ineffective screening processes into high-performing means of fending off financial crime.