Tata Consultancy Services – Asia Pacific ’s Post

The transformative potential of technologies like #AI and #GenAI have created new opportunities for growth and innovation for financial services firms. But the same technological advancements have offered fertile ground for criminals to thrive and exploit more people around the world. Addressing the issues requires a multifaceted approach backed by technology and robust compliance solutions. In this webinar, industry experts will discuss: • Fraud and Scams – facts and myths • The global regulatory response to the rising problem • Responses by financial institutions and global innovations in fraud and scam detection and prevention Register now: https://lnkd.in/g9VS35rc Clare Bannon Akhilesh Mehta Craig Robertson Dr Artur Preus, ICA / CAMS, Tata Consultancy Services SymphonyAI Financial Services and G&C Mutual Bank #financialcrime #fraudmanagement #GenAI #financialservices

The transformative potential of AI and GenAI have created new opportunities for growth and innovation for financial services firms. But the same technological advancements have offered fertile ground for financial crime to thrive. Addressing these issues requires a multifaceted approach backed by technology and robust compliance solutions.   In this webinar, experts will discuss: 📍 Fraud and Scams – facts and myths 📍 The global regulatory response to the rising problem 📍 Responses by financial institutions, and 📍 Global innovations in fraud and scam detection and prevention   Register now: https://lnkd.in/gSdbJMhs   Clare Bannon Akhilesh Mehta Craig Robertson Dr Artur Preus, ICA / CAMS Tata Consultancy Services, SymphonyAI G&C Mutual Bank   #financialcrime #fraudmanagement #GenAI #financialservices

Dear Network, Excited to share how Concentrix is transforming financial crime prevention with AI-powered AML and fraud detection solutions! Our advanced platforms identify high-risk customer groups, refine monitoring thresholds, and enhance KYC/KYB procedures, making compliance more efficient and effective. Discover more about our AI-driven solutions. Cheers, GB #AML #FraudDetection #AI #Compliance #FinancialCrimePrevention

What are the pitfalls that you need to avoid when you're implementing AI to detect financial crime? AI is changing the game for anti-money laundering and financial crime detection, helping financial institutions to identify more criminal activity while reducing false positives. To help you get the most from AI, our Chief Solution Officer, Michael Shearer, has highlighted three things that should be avoided during implementation: - Rushing Data Collection - Early Training of AI Models - Insufficient Casework Training Michael provides more advice from his personal experience of implementing AI at a global bank in this article: https://lnkd.in/eqKCWmfT If you'd like to know more about how HAWK:AI can help your organization use AI for AML and fraud detection, book a demo with us today: https://hawk.ai/ #aml #fincrime #banking #financialinstitutions #compliance #ai #machinelearning #aiimplementation

📙 Have you read The GenAI Playbook for Compliance Officers yet? Download your free copy of this new industry report to discover how GenAI can be used to transform anti-financial crime processes.   The playbook explores GenAI use cases, risks, and practical tips on its safe use and implementation to support your AML compliance. Download here 👉 https://lnkd.in/gRYfvPZX #GenAI #ArtificialIntelligence #AMLCompliance #AntiMoneyLaundering #FinCrime

Listen in from Murali Polakam on AI Compliance Strategies for Anti-Money Laundering and Fraud and how Technology is accelerating the business landscape, as he shares insights on the pivotal role of artificial intelligence in enhancing regulatory adherence, detecting financial crimes, and reshaping the financial industry's operational efficiency. #AICompliance #AML #AntiMoneyLaundering #FraudPrevention #FinancialRegulation #FinTech #AIinFinance #RegulatoryCompliance #TechInnovation #AMLStrategies #AIforBusiness #BusinessAutomation #DigitalIntegration https://lnkd.in/gruq6siU

"With the newer solutions that are out there today, compliance officers are empowered." – Robin Lee 李显龙, General Manager of APAC at HAWK:AI. In an interview with PYMNTS, Robin talked about how anti financial crime teams are more agile now and also discusses: - A compliance officer wants to make a straight-forward rule change, e.g. to flag every $15k transaction rather than every $10k - In previous times, the compliance officer would need to ask the system vendor to make the coding change to the rule - The change could take up to two weeks and there would usually be a cost associated with it, especially as the vendor would often need to physically come in to make the change - But if the compliance team decided to change back to $10k, they would need to go back to the vendor again, pay them more money, and wait another two weeks for someone to hard code that change - With the newer solutions, FIs can make the changes themselves, test them out and keep tuning until they're happy Hear what all he has to say: https://t.co/RKhgkuaPRo #aml #ai #compliance #artificialintelligence #compliance #machinelearning #banking #frauddetection

Lucinity presents an insightful look into the trends shaping compliance and financial crime this year. This comprehensive carousel offers a glimpse into the future of finance, technology, and regulatory challenges. 💡 Highlights Include: 1. The Ongoing Relevance of AI and ML in transforming financial compliance 2. The Convergence of AML and Sanctions in today's complex geopolitical environment 3. The Industrialization of Fraud demanding advanced digital controls 4. The Necessity for Real-Time Monitoring of transactions 5. Stricter Financial Crime Regulations globally 6. The Rise of Cyber-enabled Economic Crime 7. The Continuous Threat from Organized Crime Groups (OCGs) and strategies to counter them 👉 Ready to dive deeper? Download the full report now at https://lnkd.in/eDGrJDRf #fincrime #financialcrime #compliance #regtech #antimoney #laundering #generativeAI #chatGPT #GenAI #banking #fintech #payments #AI #sanctions #fraud #OCGs #realtime