In 2019, HSBC introduced an AI system for AML, using machine learning to spot suspicious transactions, cutting review time, enhancing accuracy, and saving $400,000 annually.
USE CASE - HSBC
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To wrap it up...
- AI refers to machines exhibiting human-like intelligence. There are several techniques for that, machine learning being one of the most prominent ones.
- AI’s ultimate goal is to develop a smart system to simulate human thinking and intelligence, while ML allow...
Machine learning & Artificial intelligence
Machine learning: Machine learning engineers develop and deploy machine learning models to solve real-world problems. They are in high demand by companies in a variety of industries, including technology, finance, and healthcare.
Artificial intelligence: A...
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