Oracle studies scammers, embeds AI into AML to thwart them
Gen AI tool reduces AML false positives by up to 50%, tech giant says
Tech company Oracle is developing anti-money laundering tools with gen AI amid climbing fraud and financial crime. Nearly $2 trillion — or roughly 5% of global GDP — is expected to be laundered this year, according to a Moody’s Ratings report published in June. “Criminals are more incentivized … than investigators because, for criminals, it’s […]
