Join us on #LinkedInLive this Wednesday, July 24 at 9 a.m. EDT/ 2 p.m. BST with industry-leading experts to cover AI growth, implementation and why data matters! Hosted by Kroll’s very own Haydn Jones featuring BlueFlame AI’s Henry Lindemann and MEMCO: Multilateral Endowment Management Company‘s Ashley Roche, don’t miss your chance to find out why financial institutions are increasingly turning to AI to combat financial crime and what they need to know about adopting AI in the workplace. Tune in and ask your questions live! #financialcrime #ai
Why High-Quality Data is Crucial to Fighting Financial Crime
www.linkedin.com
100% AI is a good tool, but needs to be checked and double checked from a risk viewpoint
📑 Read our latest thought leadership, "Why High-Quality Data is Crucial to Fighting Financial Crime," here: https://www.kroll.com/data-fincrime
Proper Data checks at the early stages is easy to rectify, rather ending up having mismatches at the end
If the model is deeply embedded in the banks systems to have access to financial activity, how is it protected from external interference?
Yes data source is extremely vital for accurate analytics. So checking the source is #1
Tuning in from Long Island, New York ! Best wishes 👍
Faulty outputs from AI "hallucinations" are a huge risk? AI engine may argue that you are wrong....
Question: Drawing from real-world implementation experience, what do organizations most often get wrong?
I believe that the European regulators are very tough with regard to AI 🤖 and fintech. I have read recently that fintechs are finding it alot harder to get approval from the EU regulator which is good in one way but a negative in another.
Senior Marketing Associate, Social Media at Kroll (& Improv Enthusiast)
1mo📑 Read our latest thought leadership, "Why High-Quality Data is Crucial to Fighting Financial Crime," here: https://www.kroll.com/data-fincrime