We are honoured to be finalists in the Computing AI & Machine Learning Awards again this year in the categories of ‘The Most Innovative Use of AI’ and ‘Explainable AI Award.’ These prestigious awards ‘recognise the best companies, individuals and projects in the AI space today.’

ESG is very topical at the moment but there continues to be confusion around the term and what it means for organisations when it comes to risk.

What is Multilingual NLP? Multilingual NLP (Natural Language Processing) is a technology that incorporates linguistics, computer science, and artificial intelligence to process and analyse large amounts of natural human language in various contexts.

One thing that is for certain in 2022 is that globally we can expect to see further AML regulations, particularly in the crypto and digital financial market space. Last year, we saw a key shift in focus to digital financial markets, with the EU’s 6th Anti-Money Laundering Directive (6AMLD) now incorporating virtual asset service providers (VASPs).

An expert opinion piece from smartKYC CEO, Dermot Corrigan

Dispelling The Fog & Mystique Surrounding AI

smartKYC’s sophisticated federated search technology delivers KYC information to you at speed, with precision and in real time

smartKYC’s COO, Hugo Chamberlain, sat down with Computing.co.uk recently to discuss smartKYC winning ‘The Most Innovative Use of AI’ at the Computing Technology Product Awards. We won this award for our False Hit Filtering solution, which through the use of technology and AI, can complete a task that otherwise would have taken a team of 50 over a year’s worth of human labour in just 50 hours.

On 21 May this year, the FCA wrote an open letter to CEOs of the retail banking industry in the United Kingdom. The letter highlighted a range of shortcomings with regard to their financial crime systems and controls.

smartKYC, the world’s most advanced enterprise solution for KYC due diligence automation, has today announced the addition of the Hindi language and script to smartKYC’s multilingual Natural Language Processing technology. smartKYC’s technology now processes and analyses over 35 different languages in multiple writing systems including Latin, Chinese, Arabic and Devanagari.

Financial institutions face the challenges of achieving seamless client onboarding and ever evolving regulatory hurdles due to huge work loads, expensive staffing costs and inefficiencies caused by outdated processes and human error.