Hawk’s Post

How can banks and other financial institutions benefit from using AI in their anti-money laundering operations? We've outlined four key areas where AI can make a significant impact: Anomaly Detection, Pattern Detection, False Positive Reduction, and pKYC. AI is no longer an option in AML. It is essential for achieving the efficiency and effectiveness that is needed to fight financial crime and achieve regulatory compliance. Swipe through and read more about the four areas where AI can improve performance. Find the full article at: https://lnkd.in/dZ9tsiV4 Alternatively, request a demo to see how Hawk uses explainable AI to help banks and payment providers fight financial crime. Visit https://hawk.ai/ #aml #fincrime #ai #artificialintelligence #banks #usecases #fraud #financialinstitutions

What are the pitfalls that you need to avoid when you're implementing AI to detect financial crime? AI is changing the game for anti-money laundering and financial crime detection, helping financial institutions to identify more criminal activity while reducing false positives. To help you get the most from AI, our Chief Solution Officer, Michael Shearer, has highlighted three things that should be avoided during implementation: - Rushing Data Collection - Early Training of AI Models - Insufficient Casework Training 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:AI 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

Are you getting the most out of AI for FinCrime prevention? Join us for our upcoming webinar, in partnership with Hawk, on Wednesday, 26th of June, where Michael Shearer, former Group Head of Compliance Product Management at HSBC, will share his first-hand experience implementing machine learning in a global bank's anti-financial crime operations. ➡ Register for free here: https://lnkd.in/eBEDWAMj   💡Discover the benefits financial institutions are experiencing with AI and learn how to overcome challenges in this evolving landscape. Register now for free and join our discussion next week! Key Takeaways: ✔ How AI can help banks and payment firms to detect financial crime ✔ How you make more accurate decisions by using AI in AML compliance ✔ What are the best practices for introducing AI ✔ How to avoid common pitfalls of implementing AI ➡ Access the webinar for free by registering here: https://lnkd.in/eBEDWAMj #FinCrimeprevention #TransformFinance #Financewebinar #

What are the essential AI use cases in anti-money laundering? We've outlined four key areas where AI can make a significant impact: Anomaly Detection, Pattern Detection, False Positive Reduction, and pKYC. AI is no longer an option in AML. It is essential for achieving the efficiency and effectiveness that is needed to fight financial crime and achieve regulatory compliance. Read the full article at: https://lnkd.in/dZ9tsiV4 Alternatively, request a demo to see how Hawk uses explainable AI to help banks and payment providers fight financial crime. Visit https://hawk.ai/ #aml #fincrime #ai #artificialintelligence #banks #usecases #fraud #financialinstitutions

❗Our webinar, "Using AI to detect FinCrime", in partnership with Hawk, is going live in 20 minutes at 4pm CET (3pm UK time) Join our webinar now and register for free here: https://lnkd.in/eBEDWAMj Don't miss our key takeaways: – How AI can help banks and payment firms to detect financial crime – How you make more accurate decisions by using AI in AML compliance – What are the best practices for introducing AI – How to avoid common pitfalls of implementing AI Join us now: https://lnkd.in/eBEDWAMj

Test Your Knowledge: AML and Financial Crime in Movies and TV! Are you a fan of movies and TV shows that dive into the thrilling world of money laundering, financial crimes, and sanctions evasion like us? We've crafted a fun and challenging crossword puzzle featuring iconic films and series that showcase these themes! Click here to take the puzzle: https://lnkd.in/eukdgbiy What's your favorite show or movie from our list? Share in the comments below! Challenge your colleagues and friends by tagging them. Let's see who knows their financial crime pop culture best! #AML #Compliance #FinancialCrime #Sanctions

James Candelmo, PNC Bank, on banks’ AI AML modelling: “You need to be able to describe and explain, at least in a three- to five-minute way, what you’re trying to do … and what the hopeful outcome is going to be” https://hubs.li/Q02RwQBV0 Non-subscribers can get a snapshot of Risk’s coverage. Registration is free, and allows you to read two articles a month: https://hubs.li/Q02RwTYf0

On June 28, FinCEN proposed a new rule emphasizing the need for effective detection of predicate crimes for money laundering. In his new blog, Fouad Hassouneh, Head of AML Product Strategy, shares why a targeted approach to detection using AI and consortium analytics is the solution the industry needs now more than ever. #FinCEN #AML https://bit.ly/4bqdehb

Check out the webinar with Michael Shearer from HAWK:AI on "Using AI to Detect Financial Crime" in cooperation with ACAMS. #introduce #AI #into #your #AML #compliance #framework

Last chance to register for our webinar with ACAMS on Tuesday, March 19! It's a free-to-attend session on a real-life example of a bank using AI to detect financial crime. Michael Shearer, former Group Head of Compliance Product Management at HSBC, will offer firsthand insights on integrating machine learning into a global bank's anti-financial crime operation. Michael will be covering: - Why AI is now essential in AML - it's no longer an option - What results you should expect to see from implementing AI in your AML operation - What pitfalls you should look out for with AI We'll also be joined by Sarah Runge from K2 Integrity who will be putting some probing questions to Michael on the day. Don't miss this golden opportunity to hear from an expert in implementing AI for AML at a global financial institution. Register now: https://lnkd.in/eNpQ4bPM #aml #fincrime #acams #banking #bankingtech #compliance #ai #machinelearning #webinar