Blogs

Violating sanctions can be deadly for a business. Compliance is the answer, but how can corporates—traditionally less regulated than their banking counterparts—ensure this?

Embracing technologies such as artificial intelligence can simplify the behind the scenes work in areas such as AML and KYC, automating vast portions of the process and helping to form part of a broader strategy of compliance.

Parth Desai, Founder and CEO and AI guru discusses the results of the recent Finextra survey on the appetite and adoption of AI in Financial Services and asks, "What are the odds of AI based solutions becoming the imperative—not a nice to have?"

While there are potentially endless opportunities for the technology in financial services, there is currently a gap in understanding how Artificial Intelligence (AI) works.

Artificial Intelligence has the potential to solve many issues for the financial providers and corporates—reducing middle and back office administration

The payments business may be a scale game but mid-tier banks are not necessarily out of the running yet. Tier two and three banks can invest in a specialised payments processing gateway in order to keep pace with the larger players out there.

True human intelligence is difficult to replicate. Making computers behave like humans isn’t possible in a generic sense—but in a specific domain it can and has been achieved; with real applications used in finance and compliance for some time now.

Areas such as exceptions processing can make the payments business appear to be more of a cost centre than a profit centre, but this does not have to be the case.

Microsoft co-founder Bill Gates recently called artificial intelligence "the holy grail that anyone in computer science has been thinking about."

Why the ability to put information into context is at the heart of ‘next generation’ payment platforms. Artificial intelligence (AI) has been around for decades in various forms, but what is it really? Well, it’s the ability to put information into context.