AI AML SYSTEM DEVELOPERS PUSHING TECH TOWARDS THE TRANSPARENCY REQUIRED BY REGULATORS
March 2nd, 2020
‘Explainability’ is becoming the watchword for AML solutions based on artificial intelligence (AI), with developers increasingly aware they must convince regulators their systems’ decisions are reliable and unbiased. The result has been manufacturer clams about the traceability of system decisions, according to a white paper produced in July last year by London, UK-based fin-tech industry network FinTech FinCrime Exchange and the London-based screening and compliance solution company Regulatory DataCorp Inc (RDC) – see ...
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