Turning Compliance Dreams Into: AI Reality With Ankura

Ever woken up from a dream so vivid you spent the morning wondering if you actually had a conversation with a talking dog? It is that fuzzy line between dream and reality that gets us every time. Well, if you have been keeping an eye on the developments in artificial intelligence (AI), you might be experiencing a similar kind of wonder. All those sci-fi novels and movies promised us a future where AI would be as common as smartphones. And guess what? That future is not knocking on the door; it has politely let itself in and is making coffee in your kitchen.

Now, let us talk about AI in the context of compliance within financial institutions. For us compliance folks, the idea of change is about as welcoming as a mosquito at a barbecue. We see change as a double-edged sword; it is necessary but fraught with risk and exposure. And let us not even start on the costs associated with it. Selling the idea of any new implementation and increased compliance costs to management is akin to