Salary.sg Forums - View Single Post - AML/Compliance/KYC professionals come in!
View Single Post
  #973 (permalink)  
Old 29-09-2017, 08:58 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Do you guys think most of the AML jobs would get replaced by AI in near future?
Not most of the job, but a significant number (maybe 50%) in the next 5 - 10 years. The tricky part is, more global banks are looking into AI, because they are spending a lot of money (in billions) in AML resources, but the end result (i.e. number of STR filed, number of suspicious clients identified) remains low. The same banks have huge numbers of people clearly false positives (whether it is name screening or transaction monitoring), and eventually, these group of people will be replaced by technology, which can identify true positive better.

Reply With Quote