Oracle studies scammers, embeds AI into AML to thwart them

Date:

Share post:


Tech company Oracle is developing anti-money laundering tools with gen AI amid climbing fraud and financial crime.  Nearly $2 trillion — or roughly 5% of global GDP — is expected to be laundered this year, according to a Moody’s Ratings report published in June. “Criminals are more incentivized … than investigators because, for criminals, it’s […]



LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

REMIC share grows at Ginnie Mae, Fannie Mae and Freddie Mac

Global interest appears to be fueling a notable pickup in issuance of real estate mortgage investment conduit...

Bilt Reportedly Increasing Credit Limits for Many Cardholders

Bilt Increasing Credit Limits for Many Cardholders Many Bilt cardholders are reporting automatic credit limit increases this morning....

Special ops commander says we must be sure AI ‘is going to deliver violence only where we intend it’

Adm. Frank Bradley, head of U.S. Special Operations Command, told attendees of a recent annual special forces...