ChatGPT: Navigating the rising financial crime landscape in the digital age

In-depth discussions with financial crime compliance decision makers from 10 leading U.S. financial institutions reveal that real-time digital payments, digital fraud, and cybercrime are the primary concerns for compliance teams in 2023.That said, there is a new player that has entered the scene and demands our attention: ChatGPT. It has the dual ability to help or hurt compliance and security teams. Because while this cutting-edge technology presents an opportunity for financial institutions to detect and mitigate fraud and financial crime, it also provides criminals with an avenue to commit these acts more easily. The Expanding Influence of ChatGPT Since its… [Continue Reading]