Our colleague James spoke at the Stockholm Fintech Week recently on the topic of financial crime data and how it is used – focusing on how data has evolved over time to help prevent financial crime and how the availability of new technology is providing new opportunities to handle and manage that data even better, such as
- Artificial Intelligence/machine learning improves data analytics, to reduce false positive alerts to enable teams to be more effective
- It also helps enhance underlying data, to help understand patterns and behaviours rather than relying on linear rules
- ML/Natural Language Processing (NLP) to help structure data into useable intelligence, moving away from the focus on data collection that is of little value
- Robotic automation replaces human activity where the tasks are low value and tedious like handling documents
Thanks to all those that attended. If you missed James’s keynote and all the other keynotes from this years Stockholm FinTech Week they are all available at Sthlm FinTech Week’s website at a a low price. You will then get access to 55 sessions with 80+ speakers from 10 vertical tracks.