Anti-Financial Crime & Financial Crime Compliance
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Asia-Pacific, Tech, Technology

NEWS: Slow adoption of AI leaves Asian firms vulnerable to financial crime, claims report

Hong Kong is one of Asia's leading financial hubs

BY PAUL O’DONOGHUE, Senior Correspondent

The slow adaptation of AI could leave Asian businesses vulnerable to financial crime, a new report has said.

The study from SymphonyAI and Regulation Asia found that only 15% of Asian financial institutions report “advanced” AI integration in their compliance functions.

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