April 30, 2025 - 04:22
Artificial intelligence and emerging technologies play a crucial role in combating illicit funds within the global financial system, according to Nasdaq CEO Adena Friedman. Speaking at the Atlantic Council on April 25, Friedman emphasized the urgent need for innovative solutions to address the growing challenges posed by financial crime.
She highlighted that traditional methods of monitoring and regulation are often insufficient to keep pace with sophisticated criminal activities. By harnessing advanced technologies, financial institutions can enhance their capabilities to detect and prevent fraud, money laundering, and other illegal activities more effectively.
Friedman pointed out that the integration of AI and machine learning can significantly improve the accuracy of identifying suspicious transactions and patterns, allowing for a more proactive approach to risk management. As the financial landscape continues to evolve, embracing these technologies will be essential for safeguarding the integrity of the financial system and ensuring compliance with regulatory standards. The call to action is clear: leveraging technology is not just an option, but a necessity in the fight against financial crime.
