eu-LISA’s Post

What should you be looking for in an AML Transaction Monitoring solution? The Celent report profiles 17 vendors, recognizing HAWK:AI with the Advanced Technology award. Key features of the HAWK:AI solution include: - Intelligent typology detection for AML and fraud prevention - Combine rules and AI in one intuitive system and interface - AI explainablity in natural language for full transparency - Secure and compliant federated learning without data pooling To download the brief, visit: https://lnkd.in/gyxrSuHw #aml #fincrime #successstories #frauddetection #advancedtechnology #transactionmonitoring

Improve 𝗙𝗥𝗔𝗨𝗗 𝗗𝗘𝗧𝗘𝗖𝗧𝗜𝗢𝗡 with 𝗔𝗜. Meet GuardAI! It specializes in AI-driven solutions designed to revolutionize fraud detection in the #financial industry. By harnessing cutting-edge technology, GuardAI enhances your ability to identify fraudulent activities swiftly and accurately, enabling your team to manage risks with unprecedented precision. So, how can GuardAI enhance your fraud detection? Explore these features — 🔵 Centralized Risk Dashboard   [ex. aggregating data for comprehensive risk assessment] 🔵 Adaptive Learning Algorithms   [ex. continuously improving the fraud detection accuracy] 🔵 Advanced Analytics Engine   [ex. detecting anomalies with real-time #dataanalysis] 🔵 Automated Alerts   [ex. notifying teams instantly of the potential threats] Elevate your fraud detection strategies with GuardAI’s AI-powered platform, designed to streamline your #risk management processes and protect your organization from fraudulent activities. 📍 How will you improve fraud detection with GuardAI? Learn more — https://lnkd.in/dDugggBT #AI #ArtificialIntelligence #FraudDetection

As fraud perpetrators consistently leverage a blend of technological advancements and human vulnerabilities to carry out illicit activities, Association of Certified Fraud Examiners (ACFE) & SAS released " 2024 ANTI-FRAUD TECHNOLOGY BENCHMARKING REPORT " ( link in comment box ). The attached report examines the emerging trends in the adoption of analytics, AI, Generative AI, biometrics, and other technologies. It aims to benchmark and evaluate anti-fraud technology toolkits ( + budget & resources ) One of my observation is , behavioral biometrics and online evidence software offer substantial potential, as do geographical data mapping and text mining. With nearly 77% of organizations utilizing internal structured data, it is essential for businesses to embrace the significant and positive impact of market intelligence by leveraging external data connections. #acfe #sas #fraud #fraudprevention #biometrics #financialcrime #financialservices #data #generativeai

Webinar Alert: Strengthen Your BFSI Identity Systems with AI-Driven Face Deduplication 📅 Date: Friday, 25th October ⏰ Time: From 11 AM onwards 💼 Register now: https://bit.ly/4eTbY8F As fraud tactics become more sophisticated, the BFSI sector must adopt smarter solutions. Join us for an exclusive webinar where we’ll reveal how Jukshio’s AI-powered face deduplication is transforming fraud detection and enabling scalable, secure onboarding. Key topics: ✅ Emerging fraud tactics in data manipulation ✅ Weaknesses of traditional deduplication systems ✅ AI: Redefining fraud detection and onboarding Don’t miss out—register now to secure your spot! https://bit.ly/4eTbY8F #BFSI #AI #FraudPrevention #KYC #DigitalOnboarding #Webinar #Compliance

What if you could drastically improve your FCC processes? The latest Wolfsberg report underscores the critical role of advanced technologies in combating fraud and enhancing risk management. The report highlights the adoption of AI and machine learning as transformative, enabling financial institutions to implement sophisticated detection scenarios, reduce false positives by up to 60%, and streamline reporting processes. These technologies are pivotal in enhancing public-private partnerships. At ThetaRay, our innovative AI is transforming AML typologies detection. Tier 1 banks utilizing ThetaRay have experienced a 30% reduction in false positives and identified reportable events up to 8 months earlier. Discover how we can help you to optimize your operations. Click here to learn with me how: https://lnkd.in/ghehaUq8 #FraudDetection #RiskManagement #AI #AML #ThetaRay #Innovation

Join us for an eye-opening webinar on harnessing Artificial Intelligence for Good in the relentless fight against financial crime in the "AI For Good: Stopping Financial Crime In Its Tracks Protecting Your Money In The Age Of Innovation". Financial crime poses a significant threat to businesses and consumers worldwide, costing trillions annually. But what if we could turn the tables and utilize AI to combat these crimes effectively? Martina King, CEO of Featurespace, a leading provider of AI-native fraud detection solutions, will lead this discussion. With over a decade of experience in the industry, Martina will unveil the transformative power of AI in fraud and financial crime prevention. Discover how Featurespace's cutting-edge AI technology is revolutionising fraud detection for banks and financial institutions. Martina will delve into key topics such as the role of secure data collaboration in empowering AI, the importance of privacy-enhancing technologies in safeguarding customer data, and the groundbreaking TallierLTM™, a generative AI that anticipates and disrupts emerging fraud tactics. Register for the webinar here: https://lnkd.in/efD5cNgY #AIForGood #FinancialCrime #FraudDetection #AI #GenerativeAI

Embrace the future of financial crime detection with Minerva! Join us in this compelling episode with Jennifer Arnold, co-founder of Minerva, to explore their groundbreaking platform that is revolutionizing AML investigations. Minerva leverages AI to streamline data analysis, empowering investigators with rapid insights into adverse media and criminal activities. Discover how Minerva's advanced AI integration enhances accuracy and efficiency, minimizing false positives and maximizing the impact of your Financial Intelligence Unit. Dive deep into the world of data aggregation, entity resolution, and precise client risk assessment. Don't miss out on the tools that are reshaping compliance in today's data-driven landscape! Learn more: https://bit.ly/4eCMA7M #AML #Innovation

Fraud detection is the process of identifying and preventing deceptive activities aimed at gaining unlawful benefits. This process has been significantly enhanced with the assistance of #ArtificialIntelligence. Some of the main ways AI has achieved this include: •Behavioural Analysis: AI assesses user behaviour over time, detecting deviations from normal patterns that may indicate fraud. •Pattern Recognition: AI analyses vast amounts of transactional data to identify unusual patterns and anomalies, flagging potential fraudulent activities. •Real-Time Monitoring: AI systems continuously monitor transactions and behaviours, enabling instant detection and response to suspicious activities. •Predictive Analytics: AI models predict potential fraud by learning from historical data, improving accuracy in identifying risks. Integrating AI into fraud detection frameworks ensures that businesses stay one step ahead of emerging threats, safeguarding both assets and trust. #FraudDetection #AI #AIinBusiness #PredictiveAnalytics #FinTech #MachineLearning

Transform Your Fraud and Identity Strategies with AI Discover how businesses have leveraged our high-end data analytics for decades, continuously improving outcomes with advanced technology. 🚀📈 Our latest white paper, "Securing Today, Innovating for Tomorrow with Responsible AI", reveals: - How we drive a 260% average uplift in the value of fraud detected for major banks. - Our innovative AI-led strategies that empower businesses to achieve more. Uncover how we use #AI to enhance fraud and identity management. Read the full white paper: 🔍📄 #fraud #identity #AI #innovation #dataanalytics

Article from our Director of Advisory Services, Stephen Marshall, published by A-Team Insight, discussing essential considerations for institutions deploying AI in AML, including: - Define the problem - Identify the potential risks - Understand organizational implications - Pay attention to data strategy Discover how FinScan can help your organization as well !