We recently hosted A Melbourne Wine Tasting evening on behalf of Symphony AI with speakers from EY & Microsoft discussing…
Since the implementation of Anti-Money Laundering legislation, a relentless cycle has unfurled, consistently driving up the expense and complexity of AML compliance for financial institutions. Regulatory mandates propel the adoption of novel technological solutions, and the successful integration of these technologies catalyses an increase in the sophistication of criminal tactics, which in turn precipitates the need for further regulation. While modern data platforms, cloud computing, and modular software architectures can provide sufficient technological agility to stay ahead of the criminal curve, the addition of GenAI is giving financial institutions a formidable edge in building sustainable financial crime operations.
This discussion involves real-world applications and showcases how GenAI helps build seamless investigator-machine interfaces, analyse large volumes of unstructured data, and accelerate risk mitigation procedures. GenAI presents an opportunity to shift the narrative from compliance as a sunk cost to a strategic enabler for business growth and enhanced protection against financial crime.
