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In 2020, fines for Anti-Money Laundering (AML) noncompliance reached $2.2 billion, up nearly 400% from 2019, according to Kroll data. The trend continued into 2021. Through June 30, AML fines totaled $994 million, suggesting another year of strict regulatory enforcement action. 

When Facebook bought Oculus in 2014 for over a billion dollars, it was an investment ahead of its time. For years virtual reality remained an interesting novelty and little more.

As AI automation (aka, “intelligent automation,” or IA) in financial services quickly becomes mainstream, it attracts increased stakeholder interest as firms explore the possibility of unlocking value via increased efficiency, cost reduction, and enhanced predictive capabilities.

Like many legacy and document-heavy industries in 2022, the entire financial services sector is undergoing a transformation through AI capabilities. These technologies have successfully disrupted many systems and processes once considered sacrosanct: personal financial transactions, collection and analysis of consumer data, personalized offerings of financial products and services, and more.

Dow Chemical (NYSE symbol: DOW) is the largest chemical manufacturing company in the United States, the third largest in the world, and has a market cap of $38.2 billion. 

There’s more to successful AI adoption than picking the right technology. Business leaders should be aware of the technical requirements of the initiative they’re undertaking, and few of those requirements are as important as data.

Federal Express, or simply ‘FedEx,’ is an American multinational conglomerate shipping and logistics company founded and based in Memphis, Tennessee. The company is perhaps best known for its flagship FedEx Express service, which the company claims “invested express transportation.”

In June 2014, a bombshell study from researchers at New York and McGill Universities found that a quarter of all mergers and acquisitions of public companies between 1996 and 2012 involved some measurable degree of insider trading.

Chatbots have been a fixture of customer service life for the past few years and in the public eye for nearly a decade. Unfortunately, chatbots have garnered a reputation in that time as a generally mediocre technology, or otherwise the apex of merely a passing fad.

Pfizer (NYSE: PFE) is an American pharmaceutical and biotechnology corporation based in New York City. The company accrued $81.29 billion in revenue last year, currently holding rankings of 46th on the Fortune 500 and 49th on the Forbes Global 2000 lists.