bankcarriere.nl

How AI is Transforming Financial Oversight

Nieuws
19-02-2025
Oliver King-Smith
In the rapidly evolving landscape of finance, artificial intelligence (AI) is emerging as a powerful tool for data analysis and fraud detection. Recently, our team was presented with a challenge: to identify potential “problems” in a set of financial data. Armed with an AI-powered specialized data analyst tool, SCOTi®, we embarked on a journey that would reveal the transformative potential of AI in financial analysis.

Uncovering Patterns and Anomalies

As we began to explore the data, patterns quickly emerged. One of the most striking discoveries was the presence of “cliffs” in purchasing prices – unusual concentrations of transactions at specific price points, followed by sharp drop-offs. This raised important questions: Were these patterns indicative of fraud? Were they the result of employees attempting to navigate system constraints? Or had external parties identified optimal pricing strategies?

This observation reminded me of an early career experience at a software company. The founder had priced our graphing software at $495, just below the $500 threshold that typically required additional approval for university grant purchases. This anecdote highlights how seemingly arbitrary pricing decisions can be driven by underlying systemic factors – a concept that AI can help uncover on a much larger scale.

[....]

Lees verder op: The Compliance Digest

Gerelateerde vacatures

Geïnteresseerd in een carrière bij organisaties in ditzelfde vakgebied? Bekijk hieronder de gerelateerde vacatures en vind de perfecte match voor jou!
CCV
2.992 - 3.986
Junior
Arnhem, hybride
Als CDD Screening Analyst bij CCV analyseer je bedrijfsstructuren en betrokken personen. Je levert inzichten ter voorkoming van misbruik van financiële producten en voert onderzoek uit naar integriteitsrisico’s, met focus...
Triodos Bank
Marktconform
Senior
Driebergen-Rijsenburg
Als Senior CDD analist bij Triodos Bank speel je een cruciale rol in het bestrijden van witwassen en terrorismefinanciering. Je onderzoekt integriteitsrisico’s bij zakelijke klanten en neemt weloverwogen beslissingen over...
ING
5.485 - 8.828
Medior, Senior
Amsterdam
As a Product Manager Mobile Onboarding at ING, you'll shape the mobile onboarding journey, balancing customer value and regulatory compliance. Collaborate with multidisciplinary teams to enhance customer experiences and combat...
Rabobank
6.475 - 9.250
Senior
Utrecht, hybride
Als Director Corporate Lending Construction & Real Estate bij Rabobank, speel je een cruciale rol in het structureren van (groene) leningen en het beheren van dealprocessen. Je werkt samen met...