Unfiltered Stories | Putting GenAI to work fighting financial crime

Generative AI (GenAI) has exploded. HFS Research is on a mission to identify what’s fluff versus what’s driving real value for enterprises. In this edition of HFS Unfiltered, we discuss how Apex Fintech Solutions worked with Genpact’s riskCanvas and Amazon Bedrock to rapidly develop and put into production GenAI capabilities in perhaps an unlikely place – financial services. And not just in financial services, but in anti-financial crimes compliance. This is a domain that is heavily regulated, requires strong domain knowledge, and perhaps as a result is heavily manual. Perfect. Discussion topics include: Apex’s objectives for GenAI. How Genpact’s riskCanvas helped create a data baseline. The role that Amazon Bedrock's “foundation models-as-a-service” played. The outcomes – value and benefit with a side of responsible AI and keeping regulators happy. Actionable recommendations for making progress and impact with GenAI.