UBS is banking on machine learning to solve its know-your-customer (KYC) problem and is undertaking a project to use the technology to match information and find anomalies in customer information.
The Swiss bank is working with unnamed partners to build a KYC and anti-money laundering (AML) platform that uses machine learning, particularly natural-language processing (NLP), to take in data from public sources and connect it to customer information.
Mike Dargan, group chief information officer
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