How AI and Machine Learning Are Reshaping Anti-Money Laundering in FinTech
Reading Time: 4 minutes Digital banking and financial services have transformed how money is managed, how investments are made and how people make transactions. Nonetheless, the growing complexity and volume of financial activities has also led to the fact that illicit actors are more likely to find vulnerabilities in the system. In a bid to overcome this, FinTech companies are under pressure to improve their Anti-Money Laundering (AML) strategies- without sacrificing the user experience or scalability. This is where Artificial Intelligence (AI) and Machine…
