September 27 - 15:09
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HSBC is using crime-spotting AI to scope new business
HSBC has converted its financial crime-spotting algorithm to scope out new business opportunities. The system uses clients' banking activities along with public data on company ownership and directorships, to flag potential clients. "The business we’re getting in this way is inherently lower risk and quicker to win,” said Stuart Nivison, HSBC’s global head of client network banking.
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