4 ms·
Courts aren't the issue. It's regulators. And at least at banks >99.9% of KYC/AML interactions have been automated for many decades now. The rest are things y
by threeseed 2y ago
Courts aren't the issue. It's regulators.
And at least at banks >99.9% of KYC/AML interactions have been automated for many decades now.
The rest are things you wouldn't want an LLM anywhere near e.g. sanctions evasion for which require significant expertise and lots of care.
- rhimshah 2y agoYes rightly pointed out, the regulators are the ones that crack down/fine/impose restrictions. I'd say there are varying levels of automation, where even to this day within low/medium risk, ~30% of cases get to manual review, and with some that number can be even higher! Yes sanctions is one area where the human touch is very important! Definitely a high risk category
- whiplash451 2y agoCustomer onboarding for banks has been automated >99.9%? TIL. Reference?