COALESCE.AI MODERATES AN AI THINK TANK COMPRISED OF SENIOR EXECUTIVES FROM PROMINENT FINANCIAL INSTITUTIONS AND REGULATORY AGENCIES, THAT EXPLORES THE POTENTIAL FOR AI TO IMPROVE FINANCIAL CRIME DETECTION.
We learned the primary concern of financial institutions is reputational risk and participants are willing to collaborate on sharing data about bad actors. However, punitive regulations and government policies prevent seamless sharing of information.
Over the last year, our Think Tank has advised members of the U.S. Congress on a collaborative model that can be used to combat financial crimes via information sharing, which was included in a Bill to modernize financial crime detection.
LINKS ON COALESCE AND THE THINK TANK’S SUCCESS IN WORKING WITH CONGRESS TO MAKE A POSITIVE CHANGE TO FINANCIAL CRIME DETECTION: