Accelerating AI Adoption in AML: New Solutions Opening New Horizons
Key research questions
- What are the adoption trends of AI and ML solutions in KYC-AML?
- What are the potential benefits of using AI and ML in KYC-AML?
- Who are the leading providers of AI and ML solutions in KYC-AML?
Financial institutions have been experimenting with AI and machine learning in AML for some time now. The experimentation phase is now giving way to operationalization of external vendor solutions which have potential to bring in significant improvements .
This report analyzes AI solutions provided by vendors that are currently being used in KYC-AML operations at financial institutions, highlighting their benefits and discussing how banks should approach AI adoption in KYC-AML.