A recurring theme for financial crime professionals over the past year has been the scale and speed of change, whether that’s new sanctions regimes or money laundering and fraud threats. It’s easy for individuals and institutions to feel overwhelmed. Are technologies like artificial intelligence/machine learning and cloud solutions a remedy for current high-volume, high-velocity world of financial crime?

Like many things in the fincrime space, the answer is more nuanced and complex than a simple yes or no. There’s no doubt that emerging tech has immense promise in compliance programs, but effective implementation and finding qualified staff remain consistent challenges.

In this session, we interview Vikas Agarwal, leading partner of the PwC Financial Crime Unit. Drawing from his experiencing working with clients to deploy AI/ML tools, cloud applications and more, he gives his insights on the top factors that organizations need to consider when implementing new technologies, and key gaps as tech races to keep up with evolving fincrime typologies. He also explores the skills and staffing that organizations need to use technologies effectively, and gives tips on how to retain and build this talent.