Artificial Intelligence News & Updates: Financial Firms Uses AI To Handle Compliance Overload

LONDON, ENGLAND – NOVEMBER 29: An iCub robot built by the Italian Institute of Technology tracks a ball in the Robotville exhibition at the Science Museum on November 29, 2011 in London, England.(Photo : Oli Scarff/Getty Images) Artificial intelligence (AI) is one of the most used technology today. You can find it in schools, offices, mobile applications and even financial firms. According to reports, banks will be using AI to handle compliance overload. Like Us on Facebook AI For Compliance Overload According to the Wall Street Journal banks have added tens of thousands of compliance officers but are now turning to AI to handle the ever-changing regulatory landscape. AI is preferred for its efficiency and speed in weeding out false-positive results, cutting costs, and in maximizing the workers’ time and…


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