October 7, 2024

AndronETalksNews

AndronETalksNews

Google Cloud Launches New AI-Powered Anti-Money-Laundering Product For Big Banks

Zero Hedge

By Tyler Durden – June 21, 2023

Money laundering is a major issue for financial institutions. Banks have long relied on humans to monitor rules-based systems that detect suspicious transactions. These legacy systems yield very low rates of identifying suspicious activities. Google Cloud wants to change the game by introducing an artificial intelligence-powered product designed to turbocharge the detection of money laundering.

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