Would you suggest Hawk AI as a solution for AML? Please share the pros and cons if you have experience.
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VP in Finance (non-banking)a year ago
I do not have experience with the Hawk AI but like any AML solution there are possibilities of false positives which could be a major concern. Also any ML solution needs to be compliant with data privacy and security.
So far, I have only used ChatGPT. It is great in helping many tasks, particularly with proofreading in my case, it is so much better than Editor in MS Word or google spell check. I imagine AI and ML will help a lot of people and organizations in many ways.