Fighting Financial Crimes with Artificial Intelligence

Global credit fraud reached $23 billion in 2016—which is only a small fraction of the upwards of $2 trillion in risk exposure to global financial systems due to a broad spectrum of financial crimes. As more transactions take place across different channels—from phones, tablets, ATMs, and beyond—the diversity of systems involved introduces a challenge of retaining the whole context of a transaction. This paper discusses the importance of integrating data and decisions across channels, and why it’s essential for effectively defending against the diversity and sophistication of evolving financial crimes.