Revolutionising AML compliance with AI-driven KYB strategies
In this article
- AI-enhanced KYB is now revolutionising the traditional, often manual due diligence methods seen in the industry RegTech firm RelyComply has recently discussed.
- This approach utilises machine learning, Natural Language Processing (NLP), and predictive analytics, turns vast amounts of raw data into actionable insights.
- The global AI in FinTech market was valued at $9.45bn in 2021 and is projected to expand at a Compound Annual Growth Rate (CAGR) of 16.5% from 2022 to 2030, highlighting its increasing adoption in anti-money laundering (AML) efforts.
