Monthly Archives: December 2020

Artificial Intelligence to effectively counter financial crime

Tobias Bumm/ December 14, 2020/ Uncategorized

While AI can have great contributions to the fight of financial crime, one of the biggest problems with AI at present is the comprehension of the decision-making process. Explainable AI serves as a transparency technique by providing an explanation of the output, while maintaining a high level of prediction accuracy. This helps banks and financial institutions to tread the fine line of decision making in compliance.