Hawk’s Post

What are the pitfalls that you need to avoid when you're implementing AI to detect financial crime? Our Chief Solution Officer, Michael Shearer, has highlighted a number of things that should be avoided during implementation: - Rushing data collection - Training too soon - Training on insufficient casework  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 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

Never too late to share BioCatch's 2024 AI, Fraud, and Financial Crime Survey! 600 fraud, AML, and risk and compliance professionals from all over the world contributed their thoughts on AI's role in both preventing and perpetrating different types of fraud and financial crime. Download here : https://okt.to/KmtMl9 #FinancialCrime #FraudPrevention #ArtificialIintelligence

Fighting Fraud and Financial Crime The continuing battle against fraud and financial crime demands constant adaptation and innovation. This report by Information Security Media Group explores how AI is currently being harnessed in the banking sector to combat fraud and financial crime and what benefits and risks are associated with the expanding integration of AI in fraud/financial crime detection and prevention. https://buff.ly/4907wl0 #banking #fraud #financialcrime #economiccrime

💡 For professionals in FinCrime prevention, our latest infographic provides a clear and insightful look at the top seven trends shaping Compliance and Financial Crime in 2024. It's a crucial tool for anyone in the industry, offering a concise overview of key developments: 1. Generative AI in FinCrime Analysis 2. Convergence of AML and Sanctions 3. The Industrialization of Fraud 4. The Importance of Real-Time Monitoring 5. Upcoming Stricter Financial Crime Regulations 6. Rise of Cyber-Enabled Economic Crime 7. Growth of Economic Crime Groups (OCGs) This resource is designed to help professionals stay informed and adapt their strategies in an evolving landscape. 🔽 Download your free copy of the infographic here: https://lnkd.in/e3TaDJhJ #fincrime #financialcrime #compliance #regtech #antimoney #laundering #generativeAI #chatGPT #GenAI #banking #fintech #payments #AI #sanctions #fraud #trends #2024

Proud to share BioCatch's 2024 AI, Fraud, and Financial Crime Survey! 600 fraud, AML, and risk and compliance professionals from all over the world contributed their thoughts on AI's role in both preventing and perpetrating fraud and financial crime. Download now: https://okt.to/XBoOSe #FinancialCrime #FraudPrevention #ArtificialIintelligence

Proud to share BioCatch's 2024 AI, Fraud, and Financial Crime Survey! 600 fraud, AML, and risk and compliance professionals from all over the world contributed their thoughts on AI's role in both preventing and perpetrating fraud and financial crime. Download now: https://okt.to/GC67ET #FinancialCrime #FraudPrevention #ArtificialIintelligence

Proud to share BioCatch's 2024 AI, Fraud, and Financial Crime Survey! 600 fraud, AML, and risk and compliance professionals from all over the world contributed their thoughts on AI's role in both preventing and perpetrating fraud and financial crime. Download now: https://okt.to/MiLvyI #FinancialCrime #FraudPrevention #ArtificialIintelligence

Europe’s financial institutions may pride themselves on their rigor and ingenuity – but the world’s criminals are proving just as nimble and creative. 🛠 🚁 In recent years, new fraud types such as Account Takeover and Synthetic ID fraud have rocketed both in terms of attack frequency and value lost to fraud. Halyna Hermanns and Dr. Stephan Lemkens Lemkens explain why banks should bring their fraud and AML functions together – and how technology can help make this happen. #worldofinform #ai #banks #software #fraud_prevention

Proud to share BioCatch's 2024 AI, Fraud, and Financial Crime Survey! 600 fraud, AML, and risk and compliance professionals from all over the world contributed their thoughts on AI's role in both preventing and perpetrating fraud and financial crime. Download now: https://okt.to/9R853U #FinancialCrime #FraudPrevention #ArtificialIintelligence

Proud to share BioCatch's 2024 AI, Fraud, and Financial Crime Survey! 600 fraud, AML, and risk and compliance professionals from all over the world contributed their thoughts on AI's role in both preventing and perpetrating fraud and financial crime. Download now: https://okt.to/gUATQ3 #FinancialCrime #FraudPrevention #ArtificialIintelligence