The power of AI in governance, risk and compliance
Artificial Intelligence (AI) is reshaping the landscape of corporate compliance and risk management, offering unprecedented capabilities in fraud detection and protection.
We all know by now AI is a huge trend, but it can also be your biggest ally in compliance and risk management. Thomson Reuters highlights AI's role and contribution in a lot of key points, such as:
- Efficient Risk Detection: AI identifies risk, audit, and control deficiencies proactively, empowering organizations to address potential issues before they escalate
- Streamlined Compliance Processes: Particularly in Anti-Money Laundering (AML) and Know Your Customer (KYC) applications, AI reduces false positives, optimizing workflows
- Predictive Risk Planning: AI enables organizations to prioritize risk assessments and allocate resources effectively through predictive planning
As a on-site data collection tool, Checkfirst.ai has been on the lookout for innovative ways to use AI to enable people to capture relevant and accurate data.
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Checkfirst in the finals of the Newconomics 2023
Checkfirst made it to the finals of the HUMAN Neweconomics 2023 Startup Showdown to showcase how AI and Blockchain will enable Humans to capture on site data faster and more effectively.
Bridging the Gap in On-Site Data Collection: Traditional Methods vs Emerging Solutions
In an era where data reigns supreme, the quality of data collection is key for businesses across a spectrum of industries.
The future of Trust in an AI driven world
Last week Checkfirst was at the Portugal Intersect AI Xmas event discussing the Future of Trust in an AI Driven World.We all know AI has been one of the most popular topics of the year and it is becoming popular in all industries and all contexts. While a few years ago AI may have seemed like a very futuristic and complex thing, nowadays it's present in our daily lives and there's no way to escape it.