Predictions from: Kathy Gormley, Principal Solutions Engineer at Resistant AI
- Kathy Gormley, Principal Solutions Engineer at Resistant AI
- 24.11.2022 12:15 pm #RegTech
Recession will lead to an Increase in fraud
"As recession looms, fraud will continue to increase. People get desperate and fraudsters get even more creative, resulting in massive increases in both first party fraud and third party fraud. Likely we will see more money muling something we head a lot about in the pandemic
Machine learning will become the chief way to catch financial criminals
"While effectiveness has been high on the agenda there will be an increased focus on efficiency with a refocus on modernisation efforts as a way to increase efficiency. This I expect to drive more widespread adoption of machine learning."
"While effectiveness has been high on the agenda there will be an increased focus on efficiency with a refocus on modernisation efforts as a way to increase efficiency. This I expect to drive more widespread adoption of machine learning."
Keep an eye on EU regulations...
"Continued developments in the regulatory landscape with movements in the EU's AML package and Economic Crime and Corporate Transparency Bill - expect the movement will be slow though"
"Continued developments in the regulatory landscape with movements in the EU's AML package and Economic Crime and Corporate Transparency Bill - expect the movement will be slow though"
