Artificial Intelligence

Explore the transformative world of AI in financial compliance, where machine learning and automation are revolutionizing risk management and reshaping regulatory frameworks.

Safeguarding Trust – How to Balance Innovation and Security in Gen AI-Powered Compliance

This article explores how privacy-first architecture, robust guardrails, and source transparency can build trust while ensuring responsible AI deployment in compliance solutions.

A Tipping Point

Learn how gen-AI is reshaping the industry and how tools like AskFIN, IFI’s gen-AI-powered financial crime assistant, are leveraging authoritative resources and privacy-first architecture to drive meaningful innovation.

Risky Convergences

New digital solutions in money laundering and underground banking have facilitated the expansion of the criminal business environment in Southeast Asia, integrate billions of criminal proceeds into the formal financial system and enabling the growth of new criminal organizations.

Exploring the Balance of Innovation & Responsibility

In our recent webinar, industry leaders examined the intricacies of leveraging AI responsibly to enhance compliance strategies while safeguarding data privacy and ethics. Featuring a panel of industry experts including Shannon Barnes, Ajit Tharaken, and Catherine Woods, this blog post summarizes the key insights shared during the event.

Elevating Defenses

Dive into the cutting-edge strategies that financial institutions are implementing to combat the evolving threat of AI-driven fraud. From deploying advanced detection technologies to fostering robust networks of allies, learn how the financial sector is bolstering its defenses against sophisticated scams like deepfakes and biometric fraud.

Deepfakes and Dollars

While AI has the potential for transformative impact in the financial sector, it also introduces new challenges. From biometric mimicry to the alarming rise of deepfakes, this blog highlights emerging threats and challenges in countering AI-driven fraud.

Lessons from the Flight Deck

Automation and artificial intelligence, including machine learning, have the potential to provide significant benefits within financial services – however they must be implemented responsibly. In this article, we draw on the use of automation in other sectors such as aviation, review key global regulations, and examine regulatory enforcement actions, to identify best practices for responsible use of AI in compliance.

Tech vs. Corruption

As corruption continues to pose significant challenges across various sectors, including government agencies, traditional banking institutions, and designated non-financial businesses and professionals (DNFBPs), innovative technological solutions are proving to be essential in combating these issues. This article highlights how blockchain, AI, and data analytics are revolutionizing the fight against corruption.

AI in Crypto Security: Navigating the Dual Edges of Innovation and Vulnerability

As cryptocurrencies gain mainstream acceptance, they also become a new frontier for financial crimes, including money laundering, fraud, and the financing of terrorism. Amidst this burgeoning digital economy, AI emerges as both a beacon of hope to help prevent crimes and a potential threat, giving illicit actors additional resources to move proceeds of crime. The dual nature of AI in combating or facilitating crypto-related financial crimes presents a complex puzzle: Is AI a harbinger of risk or the ultimate solution to mitigate it in this digital age of ambiguity?