Article: In digital banking, we trust — how is the use of AI revolutionizing the entire banking sector and ensuring regulatory compliance?

Article: In digital banking, we trust — how is the use of AI revolutionizing the entire banking sector and ensuring regulatory compliance?

Wednesday, 26 May, 2021

During the pandemics, businesses all around the world were forced to quickly digitalize their services, and the banking sector was no exception. The European Union drafted a proposal for AI regulations, and banks in Germany, Austria, and Switzerland began to widely implement AI-powered solutions to optimize their Know-Your-Customer services, risk assessment,  Automated Anti-Money Laundering (AML) mechanisms, and regulatory compliance. 

 

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