compliancecarriere.nl

How AI is Transforming Financial Oversight

Nieuws
19-02-2025
Oliver King-Smith
In the rapidly evolving landscape of finance, artificial intelligence (AI) is emerging as a powerful tool for data analysis and fraud detection. Recently, our team was presented with a challenge: to identify potential “problems” in a set of financial data. Armed with an AI-powered specialized data analyst tool, SCOTi®, we embarked on a journey that would reveal the transformative potential of AI in financial analysis.

Uncovering Patterns and Anomalies

As we began to explore the data, patterns quickly emerged. One of the most striking discoveries was the presence of “cliffs” in purchasing prices – unusual concentrations of transactions at specific price points, followed by sharp drop-offs. This raised important questions: Were these patterns indicative of fraud? Were they the result of employees attempting to navigate system constraints? Or had external parties identified optimal pricing strategies?

This observation reminded me of an early career experience at a software company. The founder had priced our graphing software at $495, just below the $500 threshold that typically required additional approval for university grant purchases. This anecdote highlights how seemingly arbitrary pricing decisions can be driven by underlying systemic factors – a concept that AI can help uncover on a much larger scale.

[....]

Lees verder op: The Compliance Digest

Gerelateerde vacatures

Geïnteresseerd in een carrière bij organisaties in ditzelfde vakgebied? Bekijk hieronder de gerelateerde vacatures en vind de perfecte match voor jou!
AFM
52.000 - 100.000
Medior
Amsterdam
Als Juridisch toezichthouder pensioensector bij AFM gebruik je je juridische expertise om de impact van de nieuwe Pensioenwet op marktpartijen en consumenten te onderzoeken. Je beoordeelt of producten aan de...
NN
4.092 - 5.846
Medior
Rotterdam
Als Eerstelijns non-financial Riskmanager bij NN Leven & Pensioen optimaliseer je het control framework en vergroot je risicobewustzijn. Je werkt aan AI en control automatisering en adviseert alle organisatielevels over...
NN
3.517 - 5.025
Junior
Rotterdam - Delftse Poort
Als Junior eerstelijns non-financial riskmanager bij NN Leven & Pensioen optimaliseer je het control framework en vergroot je risicobewustzijn. Werk samen met diverse teams om risico's te beheren en rapporteer...
Top vacature
Rabobank
5.381 - 7.687
Medior
Utrecht
The Team lead AB&C is responsible for managing approximately 10 AB&C analysts within the AB&C Investigations and Detection team. This team is responsible for handling reviews associated with AB&C triggers...