Guests:
Joe Friscia, Chief Revenue Officer, Tookitaki; former President, Nice Actimize
Abishek Chatterjee, Founder & CEO, Tookitaki
Overview:
The bane of transactional surveillance - a regulatory requirement for identifying potentially suspicious, potentially criminal financial transactions - is the “false positive”. Basically, thousands of alerts are triggered, but only a small percentage require actual investigation.
“What a waste!” would be the understatement of the year.
The best and brightest companies, including IBM and its Watson Artificial Intelligence tools, understand that solving this problem, which affects all banks, translates not just into reducing costs (and getting a devoted clientele) but identifying and preventing criminal activity more effectively...the whole point of these efforts!
In this episode, Zila and Paul speak with Joe and Abishek from Tookitaki and dig a little deeper into machine learning (a subset of AI) and how it might assist existing technologies and their banks finally harpoon Moby Dick.
Time:
43 minutes
