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Three out of four financial services firms that chose to outsource portions of their financial crime compliance function reported they were pleased with the results, according to a new survey conducted by Compliance Week and Guidehouse.
The complexity and pervasiveness of financial crime continues to challenge compliance functions. Machine learning can significantly bolster the efficiency and effectiveness of the function when implemented correctly, yet many financial institutions have had limited success in deploying it.
This e-Book, from Compliance Week and Guidehouse Inc., explores how the adoption of machine learning in fighting financial crime will likely explode as technology solutions become more effective and efficient—driven by work-stream prioritization, product maturity, and refinement of implementation processes.