Risks and opportunities of deploying GenAI in investigations

With financial services at the hub of the fight against illicit finance, Generative AI unlocks new possibilities to accelerate efficiency in tackling this vast and complex challenge. James Grant sets out use cases, risks and how to manage them.

James Grant is a director with IBM Promontory (www.ibm.com/consulting/promontory) and leads their financial crime and digital assets practices.

The global scale of serious and organised criminality is incredible. Worldwide it is estimated that more than three trillion dollars flows from criminal activity through the financial system each year. [1] This is a staggering amount and, as a percentage of global GDP, is material to everyone's economic prosperity.