- “One standout form of AI, semantic technology — which has already proven its worth in the healthcare and pharmaceutical industries — is leading the way in the financial services sector.
- It’s by adopting such AI-enabled data quality and identity verification technologies that integrate with existing banking software platforms, that financial institutions of any size can ensure they are KYC and AML compliant.
- In all the noise surrounding artificial intelligence, it’s still possible for banks to benefit from AI without succumbing to the hype and related risks of an all-in effort, and instead hit the ‘sweet spot’ with semantically powered solutions that are proven to increase efficiency at low cost.”
UK Managing Director
Melissa Global Institute