How Generative AI can be used in Banking Risk and Compliance
Speaker: Mr. Justin Muscolino
Speaker Designation: Compliance Training Expert
Speaker: Mr. Justin Muscolino
Speaker Designation: Compliance Training Expert
Generative AI is transforming banking, particularly in risk management and compliance, by using large language models to streamline operations, improve compliance accuracy, and strengthen fraud detection.
In risk management, generative AI analyzes large datasets to identify patterns, predict risks, and simulate scenarios, helping banks make proactive, data-driven decisions. For compliance, it assists in regulatory monitoring, AML, and KYC by interpreting documents, flagging anomalies, and detecting suspicious activities.
Generative AI also enhances fraud detection by learning patterns of fraudulent behavior and generating real-time alerts. This technology improves resilience, regulatory adherence, and cost efficiency, helping banks stay competitive and compliant.
Throughout the session, we will explore real-world case studies and practical examples of how leading banks are utilizing generative AI to strengthen their risk and compliance frameworks. Attendees will also have the opportunity to participate in interactive discussions and hands-on exercises to apply the concepts learned.
In today's rapidly evolving financial landscape, banks face increasing pressure to manage risks and comply with complex regulations. Generative AI offers innovative solutions to these challenges, enabling banks to stay ahead of the curve. Attending this training will equip you with the latest AI-driven techniques to enhance your bank's risk and compliance strategies. Don't miss this opportunity to learn how to harness the power of AI to protect your institution and ensure regulatory compliance.
Generative AI is revolutionizing the banking sector by offering advanced tools for risk management and compliance. With the ability to analyze large datasets, identify patterns, and generate insights, AI is helping banks mitigate risks, detect fraud, and ensure compliance with regulatory standards. This training will explore the practical applications of generative AI in banking, providing attendees with the knowledge and skills to leverage AI for enhanced risk and compliance management.
Justin brings over 20 years of wide-arranging experience in compliance, training and regulations. Most recently, he served as Head of Compliance Training at Bank of China where he led the compliance training function and created and monitored the annual training plan through a thorough training needs analysis. Previously he served as Macquarie Group’s Head of Americas Compliance Training and JPMorgan Chase’s Compliance Training Manager.
Justin also worked for FINRA, a US regulator, where he created Examiner University to train examiners on how to perform their function. Some of his vast areas of expertise are : Compliance training programs, managing regulatory projects, lasing with regulators, and identifying gaps/opportunities for improvements in risk mitigation.
