Rippleshot’s Post

Will you be at Bank Director's Audit Risk Conference next week in Chicago? Don't miss the Rippleshot leadership team speaking at two AI-focused sessions on Tuesday June 11: ➡️ CEO Canh Tran at the session 'Generative AI: Risk and Opportunities – What Bankers Should Know' ➡️ CTO Yueyu Fu at the session 'Artificial Intelligence and Cyber Risks' Catch the full agenda: https://lnkd.in/eYX4GC2K #AI #banking #GenerativeAI #banks #bankriskmanagement #BDAudit24

Join us for an eye-opening webinar with Travelex and FINTRAIL to discover how #AI is reshaping AML in Finance!

Red Hat: Leveraging #AI and #Data to Combat #Cybersecurity #Risk #financialservices #banking #payments #fintech #finops #digitaltransformation #artificialintelligence #generativeai https://lnkd.in/eMYxUzkG

How to identify an #AI imposter in video, audio and text as #deepfake #technology goes mainstream #cybersecurity #artificialintelligence #generativeai #financialservices #fintech #banks #banking #payments #digitaltransformation #nyfintechweek #SeamlessDXB #DubaiFinTechSummit #BackbaseEngage https://lnkd.in/gihsessk

Sora's emergence will undoubtedly have a significant impact on the field of video generation. For banks, processes such as risk control and verification will also face certain risks. Distinguishing between AI and real humans poses a major challenge for both the bank's risk control systems and risk control personnel.

We’re looking forward to joining leaders in the financial crime fighting community at this week's FinTech Global AML and Fincrime Tech Forum in New York. Our Head of Americas, Aidan Houlihan and Regional Sales Director, Jake Fernandes ☁️, will be there demoing our solution. Learn how to respond to the drive towards greater automation and the use of AI while keeping up with regulatory demands. Stop by and ask any questions you might have 🤝 Learn more and register to join us here: https://hubs.li/Q02pN5PY0 #AI #AML #Risk #Financialcrime

Why should financial institutions consider a FRAML approach to anti-money laundering and fraud? Our top five benefits of FRAML, all explored in more detail in our PDF and article, are: - Enhanced Compliance and Risk Management - Improved Detection of Financial Crime - Cost Efficiency - Enhanced Customer Experience - Adaptability to Emerging Threats Find the full article at: https://lnkd.in/dtqGPEsZ Alternatively, request a demo to see how Hawk can help your organization enable a FRAML approach, visit https://hawk.ai/ #fincrime #aml #framl #fraud #ai #artificialintelligence #financialinstitutions

With AI-driven identity fraud on the rise, prioritizing data-based verification becomes imperative to safeguard against illicit activities. Read this insightful piece by Daniel Flowe, Head of Digital Identity Strategy at LSEG to learn more: https://lseg.group/4aijBCR LSEG Risk Intelligence #fintech #AI #identityverification #innovation

What are the pitfalls that you need to avoid when you're implementing AI to detect financial crime? Our Chief Solution Officer, Michael Shearer, has highlighted a number of things that should be avoided during implementation: - Rushing data collection - Training too soon - Training on insufficient casework  Michael provides more advice from his personal experience of implementing AI at a global bank in this article: https://lnkd.in/eqKCWmfT If you'd like to know more about how Hawk can help your organization use AI for AML and fraud detection, book a demo with us today: https://hawk.ai/ #aml #fincrime #banking #financialinstitutions #compliance #ai #machinelearning #aiimplementation

The growth of AI poses new illicit finance risks as criminals leverage advanced technology. The US Treasury's 2024 strategy emphasizes the importance of public-private sector collaboration and technological innovation to combat financial crimes. AI tools, stablecoins, and central bank digital currencies are reshaping the financial landscape, requiring institutions to enhance AML transaction surveillance and sanctions screening. Geopolitical events, such as terrorist attacks and invasions, highlight vulnerabilities in the global financial system. The Treasury's recommendations focus on closing regulatory gaps, promoting risk-focused frameworks, enhancing law enforcement effectiveness, and embracing responsible technological innovation. Financial institutions must adapt to the evolving landscape to mitigate illicit finance risks. #AI #financialcrime #illicitfinance