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Why AML needs AI: Debunking the myths for FinTechs

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Resistant AI
Published on 10.11.2022
Updated on 01.10.2024

How can fintechs embrace AI-powered anti-money laundering (AML) and turn it into a growth enabler?

Global regulators and anti-financial crime bodies are united in recognizing AI’s potential to transform AML efforts in the financial sector. However, some firms believe it is not for them, fearing it would be too complex, opaque, or costly to implement in practice.

Tune in as we debunk some of the common misconceptions around adopting AI for AML. We’ll give you some valuable real-life examples of how accessible, transparent and impactful it can be, even for smaller firms. 

 

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