A new survey of senior leaders and risk professionals from around the world found more than half the respondents have turned to artificial intelligence (AI) technology to address a perceived rise in financial crime risks, although most solutions are still rather new.
Of the 400 respondents to the “2023 Fraud and Financial Crime Report” by risk and financial advisory vendor Kroll, 56 percent said AI and machine learning have been implemented into their financial crime compliance programs. Two-thirds of respondents (67 percent) said over the next 12 months they planned to invest more in AI tech tools to combat financial crime.
