AI and Financial Crime Prevention: Why Banks Need a Balanced Approach
Unite.AI
DECEMBER 17, 2024
Humans can validate automated decisions by, for example, interpreting the reasoning behind a flagged transaction, making it explainable and defensible to regulators. Financial institutions are also under increasing pressure to use Explainable AI (XAI) tools to make AI-driven decisions understandable to regulators and auditors.
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