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FinCrime In The Age Of AI
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FinCrime In The Age Of AI


Published on 2025-01-23 07:20:58 - Forbes
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  • FinCrime stands out as one of the critical issues within the realm of artificial intelligence that demands attention in the years ahead.

The article "FinCrime In The Age Of AI" from Forbes Business Development Council, published on January 23, 2025, discusses the evolving landscape of financial crime (FinCrime) in the context of artificial intelligence (AI). It highlights how AI technologies are being utilized by both criminals to perpetrate sophisticated frauds and by financial institutions to detect and prevent these crimes. The piece explores the dual-edged sword of AI in finance: on one side, AI's ability to analyze vast amounts of data in real-time helps in identifying patterns of fraudulent behavior that would be impossible for humans to detect manually. On the other hand, AI also enables criminals to craft more complex schemes, automate attacks, and bypass traditional security measures. The article emphasizes the need for continuous adaptation in regulatory frameworks, the importance of AI ethics, and the development of AI-driven tools for compliance and risk management to stay ahead of increasingly intelligent criminal tactics. It also calls for collaboration between tech developers, financial sectors, and regulatory bodies to ensure that AI's deployment in finance is both secure and ethical.

Read the Full Forbes Article at:
[ https://www.forbes.com/councils/forbesbusinessdevelopmentcouncil/2025/01/23/fincrime-in-the-age-of-ai/ ]
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