KUALA LUMPUR: Global banking giant, HSBC has been able to deal promptly with any anomalous or suspicious transaction through the adoption of new technologies namely Artificial Intelligence (AI) and machine learning.
Regional Head, Financial Crime Threat Mitigation, HSBC Hong Kong, Paul Jevtovic said with the application of new technologies HSBC has managed to enhance the efficiency of the financial institution, especially when facing significant threats to the bank.
At the sidelines of the International Conference of Financial Crime and Terrorism Financing (IFCTF 2019) here today, he said when facing a huge amount of transactions, AI and machine learning technologies adopted by the bank avoid mistakes committed by people.
In addition to that, technology ensure the bank operates in a more effective way as well as being efficient in preventive controls. -Bernama