Compliance and AI Automate the Noise Away - The Future of Financial Crime Detection with Oracle's Jason Somrak
What is the role of Artificial Intelligence in compliance? What about Machine Learning? Are you using ChatGPT? These questions are just three of the many we will explore in this cutting-edge podcast series, Compliance and AI, hosted by Tom Fox, the award-winning Voice of Compliance. In this insightful episode, Tom Fox interviews Jason Somrak, Chief of Product & Strategy - Financial Crime & Compliance at Oracle Financial Services Software Limited.
They delve into Jason's professional journey, the evolving role of AI in combating financial crimes, and the proactive potential of AI in compliance investigations. Highlighting the transformative power of AI, Jason explains its applications, ranging from detection to investigation, and its impact on regulatory practices. They also discuss future emerging challenges in risk management and the collaboration between humans and AI in enhancing financial crime detection and compliance.
Key highlights:
- AI's Role in Financial Crime Prevention
- Proactive and Preventive Measures
- AI in Investigations and Triage
- Automating the Noise Away
- Regulatory Interactions and Challenges
- Emerging Challenges in Risk Management
- Future of AI in Compliance
- Corporate Culture and AI Adoption
Resources:
Jason Somrak on LinkedIn
Tom Fox