Disruptive new technology is proving a double-edged sword for business leaders in their fight against financial crime. Artificial intelligence is emerging as a particular buzzword in the financial sector. This is unsurprising given that AI allows us to spot patterns and connections in a far quicker and more accurate way than ever before.
However, if we are not able to monitor and control our AI-powered solutions, they can produce discriminatory, unethical or even illegal outcomes. As regulators worldwide become increasingly interested in AI, how can firms make use of the opportunities presented by this ever-evolving technology whilst remaining conscious of the risks?