Thursday, October 12, 2017

Intel Launches Intel Saffron AML Advisor Using AI to Detect Financial Crime

Intel today launched the Intel® Saffron™ Anti-Money Laundering (AML) Advisor, aimed at detecting financial crime through a transparent AI solution utilizing associative memory. Today’s launch kicks off the first associative memory AI solution specifically tailored to the needs of financial services institutions and is optimized on Intel® Xeon® Scalable processors. Intel Saffron’s associative memory AI simulates a human’s natural ability to learn, remember and reason in real time. It mimics the associative memory of the human brain to surface similarities and anomalies hidden in dynamic, heterogeneous data sources, while accessing an infinitely larger data set than its human counterparts. The AML Advisor surfaces these patterns in a transparent way, paving the way for “white box AI” in enterprise applications. These solutions are designed to enhance decision-making in highly complex tasks, and early results indicate they can catch money launderers with unprecedented speed and efficiency.