Security News > 2023 > July > How Google Cloud’s AML AI redefines the fight against money laundering

Google Cloud's AML AI represents an advancement in the fight against money laundering.

In this Help Net Security interview, Anna Knizhnik, Director, Product Management, Cloud AI, Financial Services, at Google Cloud, explains how Google Cloud's AML AI outperforms current systems, lowers operational costs, enhances governance, and improves the customer experience by reducing false positives and minimizing compliance verification checks.

AML AI brings together Google's strength in AI and ML with deep financial services expertise, and it's also underpinned by the resiliency and security of our cloud platform.

How has Google Cloud's AML AI helped financial institutions improve their customer monitoring framework and detection capabilities?

Google Cloud's AML AI is the core of HSBC's primary AML transaction monitoring system in its key markets.

HSBC found AML AI identified 2-4x more suspicious activity, while reducing alert volumes by more than 60%. Google Cloud's AML AI is said to minimize the need for additional compliance verification checks.

News URL

https://www.helpnetsecurity.com/2023/07/12/anna-knizhnik-google-cloud-aml-ai/