Leveraging AI in the fight against financial crime

by BAE Systems Applied Intelligence | Best Practice

Artificial intelligence (AI) and machine learning are proving invaluable in shaping the banking landscape of the future – not only for attracting and retaining consumers, but also in the fight against financial crime.

But if banks are adopting AI, so too are their attackers. It’s clear that AI must be used widely to combat crime, but it must also be used correctly. Knowing the problems that AI can solve and having a clear picture of how data is used are crucial.

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About BAE Systems Applied Intelligence

We have been helping to defend the largest nations and businesses in the world for over forty years against advanced threats.

Cyber threats no longer just come from mischievous hackers playing games. They come from organised, smart, stealthy criminal groups and nations, looking to steal intelligence and capital. Attacks pioneered by nation states are now being used to attack businesses of all sizes and standard security technology has dropped in effectiveness from 80% to 20% over the past 10 years.

Additionally criminals are taking advantage of modern communications and computing techniques to plan and conduct their crimes. The techniques and tools that enable business and law enforcement to detect, prevent and investigate crime – both in the physical and cyber worlds – are in the process of rapid adaption.

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