Industry News: Cyber

Report: HSBC in Talks to Launch New AI System to Identify Financial Crime

Written by Cybersecurity | Jul 5, 2019 5:31:57 PM

2019-07-01

S&P Global: One of the sources noted the algorithm of the system would look at a banking customer and compare its financial behavior with other similar customers and make a probability if there is anything suspicious. The talks are understood to be a "multiyear conversation," according to the sources.

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