AI-based anti-money laundering process

The financial sector is at a critical juncture, where institutions are striving to boost operational efficiency while adhering to increasingly complex regulatory demands amid rising financial crime threats.

In this webinar, we hear from HAWK:AI’s Chief Solution Officer Michael Shearer, previously HSBC’s Group Head of Compliance Product Management, who will explain the major advantages of using AI for financial crime detection compared to traditional rules-based methods.

The discussion explores the strategic balance between efficiency and effectiveness, providing insights on how to assess the success of AI-driven AML initiatives beyond traditional metrics, incorporating qualitative evaluations to gauge the value of these technologies.

An episode also tackles the challenges of integrating AI into current AML operations, including managing false positives, accelerating investigations, and meeting regulatory standards for governance, risk management, and explainability.

This episode is essential for anyone interested in the future of AML and how generative AI can drive innovation and growth.