-
BTC 64,879.29 (+5.51%) -
ARS 1,084.20 (+1.41%) -
ETH 2,973.47 (+2.81%) -
PEPE <0.01 (-2.04%) -
SOL 152.57 (+6.79%) -
FLOKI <0.01 (+11.91%) -
WIF 2.86 (+1.04%) -
DOGE 0.15 (+2.19%) -
BOME 0.01 (+2.19%) -
XRP 0.51 (+1.12%) -
PEOPLE 0.05 (+41.97%) -
ENA 0.71 (+2.46%) -
RNDR 10.52 (+5.20%) -
WLD 4.86 (+1.93%) -
NEAR 7.75 (+11.01%) -
RUNE 6.04 (+8.98%) -
AEVO 0.76 (-29.04%) -
BONK <0.01 (+3.57%) -
AVAX 33.83 (+5.98%) -
ORDI 37.46 (+4.75%) -
OP 2.46 (+0.45%) -
AR 43.62 (+10.02%) -
ARKM 2.35 (+4.57%) -
ICP 12.22 (+3.54%) -
1000SATS <0.01 (+3.86%) -
JTO 3.90 (+2.37%) -
SUI 0.97 (+7.32%) -
PENDLE 4.32 (+11.99%)
Google launches Anti Money Laundering AI after successful HSBC trial
Published: 2023-06-22
1. Google's anti-money laundering AI Google has launched an anti-money laundering (AML) artificial intelligence (AI) tool after the successful trial with HSBC. The tool uses anomaly detection method to identify patterns in large volumes of data to detect unusual transactions that might indicate money laundering,terrorism financing,or other malicious financial activities. The tool will be provided to Google Cloud customers who want to avail it as part of their compliance obligations. The technology is expected to help businesses comply with the increased regulations set by the Financial Action Task Force.
2. The rising trend of AI adoption in fintech The launch of Google's AML AI tool is another addition to the rising trend of AI adoption in the fintech industry,which has the potential to revolutionize the sector. AI is being used to identify hidden insights within large data sets and develop predictive models based on these insights,which can help businesses mitigate risks and forecast trends related to markets,customers,and product development. AI is also being used for personalized recommendation systems,chatbots,fraud detection,and many other areas in finance.
3. The need for better compliance solutions in the financial industry The financial industry faces increasing regulatory requirements that can be complex,time-consuming,and costly to comply with. Hence,firms are looking for better compliance solutions to keep up with the regulations and avoid penalties. The rise of fintech solutions such as Google's AML AI tool could provide firms with more efficient and effective ways to comply with these regulations while keeping costs low. However,there are also concerns over the potential risks associated with AI when it comes to privacy violations and algorithmic biases,which need to be addressed by regulators and developers.
Reference: cointelegraph.com
The most traded coin
(Update every 1 hour)
| at | from | is ($US) | turnover ($) |
|---|---|---|---|
| 1 | BTC |
64,879.29 | 2,282,142,169.96 |
| 2 | ARS |
1,084.20 | 1,762,644,937.60 |
| 3 | ETH |
2,973.47 | 884,655,012.83 |
| 4 | PEPE |
<0.01 | 793,230,749.22 |
| 5 | SOL |
152.57 | 596,838,164.11 |
| 6 | FLOKI |
<0.01 | 283,995,953.01 |
| 7 | WIF |
2.86 | 256,495,769.24 |
| 8 | DOGE |
0.15 | 247,559,531.37 |
| 9 | BOME |
0.01 | 186,824,489.31 |
| 10 | XRP |
0.51 | 163,066,462.72 |
| 11 | PEOPLE |
0.05 | 149,216,976.56 |
| 12 | ENA |
0.71 | 142,631,348.75 |
| 13 | RNDR |
10.52 | 141,470,563.35 |
| 14 | WLD |
4.86 | 139,591,625.65 |
| 15 | NEAR |
7.75 | 137,573,808.72 |
| 16 | RUNE |
6.04 | 117,721,965.76 |
| 17 | AEVO |
0.76 | 115,141,378.13 |
| 18 | BONK |
<0.01 | 87,782,810.62 |
| 19 | AVAX |
33.83 | 63,661,392.88 |
| 20 | ORDI |
37.46 | 56,435,068.42 |
| 21 | OP |
2.46 | 53,216,254.87 |
| 22 | AR |
43.62 | 48,575,902.02 |
| 23 | ARKM |
2.35 | 43,164,474.97 |
| 24 | ICP |
12.22 | 42,611,461.36 |
| 25 | 1000SATS |
<0.01 | 41,469,996.44 |
| 26 | JTO |
3.90 | 40,978,970.99 |
| 27 | SUI |
0.97 | 40,942,401.62 |
| 28 | PENDLE |
4.32 | 39,565,607.29 |
Coins with rapidly rising prices
(Update every 1 minute)
| at | from | is ($US) | more (%) |
|---|---|---|---|
| 1 | PEOPLE |
0.05 | +41.97 |
| 2 |  AXL |
1.08 | +16.68 |
| 3 |  DEXE |
13.70 | +16.42 |
| 4 |  KP3R |
77.23 | +14.77 |
| 5 |  IMX |
2.34 | +14.03 |
| 6 |  VANRY |
0.18 | +12.62 |
| 7 | PENDLE |
4.32 | +11.99 |
| 8 | FLOKI |
<0.01 | +11.91 |
| 9 |  SEI |
0.51 | +11.59 |
| 10 |  TAO |
378.10 | +11.37 |
| 11 | NEAR |
7.75 | +11.01 |
| 12 |  XNO |
1.14 | +10.09 |
| 13 | AR |
43.62 | +10.02 |
| 14 |  CYBER |
7.81 | +9.99 |
| 15 |  CVP |
0.37 | +9.92 |
| 16 |  PIVX |
0.32 | +9.77 |
| 17 |  GMX |
31.22 | +9.74 |
| 18 |  GAL |
3.41 | +9.69 |
| 19 |  ORN |
1.40 | +9.67 |
| 20 |  HARD |
0.18 | +9.61 |
| 21 |  WAN |
0.25 | +9.51 |
| 22 |  DOCK |
0.03 | +9.33 |
| 23 | RUNE |
6.04 | +8.98 |
| 24 |  JOE |
0.46 | +8.90 |
| 25 |  BICO |
0.45 | +8.64 |
| 26 |  ALCX |
24.00 | +8.55 |
| 27 |  DCR |
19.18 | +8.42 |
| 28 |  TKO |
0.42 | +8.30 |
| 29 |  RSR |
<0.01 | +8.29 |
| 30 |  LTO |
0.18 | +8.24 |
The price of coins is falling rapidly.
(Update every 1 minute)
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CITY
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LSK
ASR
OMNI
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BLZ
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US news that has a significant impact on the market
| at | news | day | date | time |
|---|---|---|---|---|
| 1 | Core CPI m/m | Wednesday | 15-05-2024 | 13:30 |
| 2 | Core Retail Sales m/m | Wednesday | 15-05-2024 | 13:30 |
| 3 | CPI m/m | Wednesday | 15-05-2024 | 13:30 |
| 4 | CPI y/y | Wednesday | 15-05-2024 | 13:30 |
| 5 | Empire State Manufacturing Index | Wednesday | 15-05-2024 | 13:30 |
| 6 | Retail Sales m/m | Wednesday | 15-05-2024 | 13:30 |
| 7 | Business Inventories m/m | Wednesday | 15-05-2024 | 15:00 |
| 8 | NAHB Housing Market Index | Wednesday | 15-05-2024 | 15:00 |
| 9 | Mortgage Delinquencies | Wednesday | 15-05-2024 | 15:10 |
| 10 | Crude Oil Inventories | Wednesday | 15-05-2024 | 15:30 |
| 11 | FOMC Member Bowman Speaks | Wednesday | 15-05-2024 | 20:20 |
| 12 | TIC Long-Term Purchases | Wednesday | 15-05-2024 | 21:00 |
| 13 | Unemployment Claims | Thursday | 16-05-2024 | 13:30 |
| 14 | Building Permits | Thursday | 16-05-2024 | 13:30 |
| 15 | Philly Fed Manufacturing Index | Thursday | 16-05-2024 | 13:30 |
| 16 | Housing Starts | Thursday | 16-05-2024 | 13:30 |
| 17 | Import Prices m/m | Thursday | 16-05-2024 | 13:30 |
| 18 | Industrial Production m/m | Thursday | 16-05-2024 | 14:15 |
| 19 | Capacity Utilization Rate | Thursday | 16-05-2024 | 14:15 |
| 20 | FOMC Member Barr Speaks | Thursday | 16-05-2024 | 15:00 |
| 21 | Natural Gas Storage | Thursday | 16-05-2024 | 15:30 |
| 22 | FOMC Member Mester Speaks | Thursday | 16-05-2024 | 17:00 |
| 23 | FOMC Member Bostic Speaks | Thursday | 16-05-2024 | 20:50 |
| 24 | CB Leading Index m/m | Friday | 17-05-2024 | 15:00 |
| 25 | FOMC Member Waller Speaks | Friday | 17-05-2024 | 15:15 |
| 26 | FOMC Member Daly Speaks | Friday | 17-05-2024 | 17:15 |
| 27 | FOMC Member Kugler Speaks | Saturday | 18-05-2024 | 22:45 |
