How Overlays Help Leverage AI in Anti-Financial Crime

AI in Anti-Financial Crime: Using an Overlay to Leverage AI without Ripping and Replacing a Legacy Solution

Using Artificial Intelligence without Replacing Existing Anti-Financial Crime Systems

Legacy rules-based anti-financial crime (AFC) systems are ineffective and inefficient. With the advent of powerful artificial intelligence (AI) technology, financial institutions (FIs) are seeing benefits from applying it to combat financial crime.

So how can banks implement AI in their AFC operations without an all-or-nothing, rip-and-replace approach as the first step?

An AI overlay provides banks with a practical solution. With an overlay, AI can deliver improved results without replacing the existing system. Overlays help banks benefit from AI without the time and effort needed for a full system replacement.

To explore this topic, Deloitte and Hawk have written a white paper, "AI in Anti-Financial Crime: Using an Overlay to Leverage AI Without Ripping and Replacing a Legacy Solution." 

Read the full white paper 

Key Topics

  • What an AI overlay is
  • Benefits of an AI overlay 
  • Different types of AI overlays in AFC
  • Considerations for implementing an AI overlay

To learn more about how an AI overlay can help improve your organization's AFC operations, contact us today. 
 

Share this page