Note: A webinar that draws on this report is available here.

Rules-based scenarios have failed to control false positive rates and the compliance process across the financial services industry has become barely manageable. Celent predicts a rapid uptake of AI capabilities over the next couple of years to help financial institutions alleviate their compliance burden, including the reduction of false positives. In Part 1 of this two-report series, Celent looks at the AI use cases to reduce false positives and unearth false negatives, without changing the risk profile of the institution. Part 2 profiles 13 vendors that have deployed, or are exploring, various combinations of AI techniques to help solve the problem of high false positive numbers.