Google Cloud Launches Anti-Money-Laundering Tool for Banks, Betting on the Power of AI

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.css-1wc2zh5{margin:0;display:block;} Dylan Tokar

June 21, 2023 5:30 am ET

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Google Cloud’s new AI-driven anti-money-laundering tool does away with the rules-based programming typical of such products.

Photo: Jerome favre/Shutterstock

Financial institutions have long relied on human judgment to calibrate systems that help spot potentially risky transactions and customers. Now, Google Cloud wants them to let its artificial intelligence technology take greater control of that process.

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By. .css-1wc2zh5{margin:0;display:block;} Dylan Tokar. June 21, 2023 5:30 am ET. Share. Resize. Listen. (2 min) Google Cloud’s new AI-driven anti-money-laundering tool does away with the rules-based programming typical of such products. Photo: Jerome favre/Shutterstock. Financial institutions have long relied on human judgment to calibrate systems that help spot potentially risky transactions and customers. Now, Google Cloud wants them to let its artificial intelligence technology take greater control of that process. Copyright © 2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8. Continue reading your article with a WSJ subscription. Subscribe Now. Already a subscriber? .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;} Sign In. What to Read Next. AT&T : Get a $50 reward card using this AT&T promo code. Walmart : Up to 70% off the hottest summer deals + free shipping with Walmart coupons. Best Buy : Deal of the Day Best Buy coupon: Score up to 50% off. TurboTax : Save up to $15 with TurboTax coupon May 2023. The Motley Fool : Epic Bundle - 3x Expert Stock Recommendations. H&R Block Tax : 15% OFF DIY Online Tax Filing Services | H&R Block Coupon.