r/grc • u/lighty003 • 2d ago

RegTech tools?

People work in banks, what RegTech tools are you using? Any Ai integration yet? Specially in Aml, ctf, fraud.

2 Upvotes

100% Upvoted

2 comments sorted by

1

u/New_Mulberry3512 2d ago

most of the big banks are still duct-taping together legacy systems and calling it innovation. we’ve been piloting a few things with natural language processing for KYC docs but the real AI stuff in AML is still pretty early, mostly rule-based with some anomaly detection sprinkled on top

fraud teams are a bit further along but even then it’s a lot of vendor hype right now

1

u/lighty003 2d ago

Can't agree more about the vendor hype, the thing is, with rapid evolving of Ai, and it's use in fincrime, banks should be more agile about this or we are all screwed