AI in Detecting Financial Crime | Johannesburg, SA

ThetaRay's Fintech event in Johannesburg, South Africa, Keynote speakers from MFS Africa, Microsoft, and ThetaRay discussed how AI can detect and prevent financial crimes such as money laundering and other criminal activity. The unique event allowed industry experts to share their expertise and knowledge about using AI to prevent financial crimes.

Shani Golov, ThetaRay Regional Director, Africa, discussed the reasons for the fintech find user's emergence, particularly in Europe, the US, and Africa. She highlighted the challenges fintechs face due to more restricted regulation and the need to combat financial crimes. Shani presented an integrated detection package that combines AI, rule-based solutions, and network analysis to improve efficiency and reduce false positives compared to traditional approaches. She emphasized the importance of sophisticated technology to gain trust and foster growth in the fintech industry.