White paper

Why using search engines for financial risk assessment is risky

Organizations relying on mainstream search engines to search for fraud protection and regulatory compliance may be unwittingly exposing themselves to dangerously high levels of risk. These search engines are great for basic search and public use, but they are not designed for identifying information and behavior patterns specific to fraud, such as money laundering, criminal activity, or essential functions that compliance officers and risk assessment professionals need.

Advances in machine learning, deep learning, and artificial intelligence have made it possible to create sophisticated new data-mining algorithms that perform specific tasks such as fraud detection extraordinarily well. With the right tool, one person can do more reliable, higher-quality work in less time — work that financial institutions can be confident is thorough, accurate, defensible, and protected.

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