AI v ML: a reality check

Justin Bercich (justin@lucinity.com) is Head of AI, Lucinity (www.lucinity.com).

Artificial intelligence is peddled as the ultimate weapon in the fight against financial crime: overnight, it can solve all your problems and keep the bad guys out for good. Well, no, acknowledges Justin Bercich of Lucinity, who finds the anti-money laundering industry is starting to ditch the panacea perspective in favour of a more incremental approach to using AI.