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Google introduces AI-powered money laundering detection service
June 21, 2023, 5:49 p.m. | Maria Deutscher
AI – SiliconANGLE siliconangle.com
Google LLC’s cloud unit today debuted a new service that uses artificial intelligence to help financial institutions detect money laundering. The service is known as Anti Money Laundering AI, or AML AI for short. Banks historically used so-called rules-based detection systems to spot illicit financial activity. In such systems, users manually define what type of […]
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ai ai-powered aml artificial artificial intelligence banks cloud detection financial financial institutions google google cloud google llc intelligence machine learning money rules service spot systems the-latest
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