Initially, AI created more work and worry for compliance officers, who had to evaluate AI proposals and address concerns about algorithmic bias, data confidentiality, and reputational risks. However, E&C teams are now experimenting with AI, achieving quick wins in monitoring (identifying high-risk transactions) and investigations (automating reporting, translations, and case triage).
Listen to the episode to learn more about the benefits and challenges of using AI for ethics and compliance.
Cheers,
The Case IQ Team
