Parth Desai, CEO and Founder of Pelican, discusses why AI is already a fact and not fantasy.He highlights why financial institutions and corporates need to get on board now – or risk getting left behind.
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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?
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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.
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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?"
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Artificial Intelligence represents the next step for the financial sector to improve efficiencies without compromising results – and arming yourself with the right knowledge will be the key to its success.
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