AI in Data Validation and Reconciliations – PART 1

The dual challenges of increased volumes and complexity mean event lifecycle validation tools need to evolve, to take advantage of AI and machine learning

In Part 1 of this podcast, hosted by the Asian Banking and Finance, Vikram Gupta, ED and Head of Technology, Standard Chartered Bank is joined by Andreas Burner, Chief Innovation Officer and Robin Hasson, Senior Product Manager, SmartStream.

Some of the key topics discussed:

  • Traditional data and transaction controls, and checkpoints that are adopted by financial services firms, and what’s driving this increased demand and dependency
  • The most significant efficiencies AI can deliver to business processes, and their costs and risks benefits
  • SmartStream Affinity, the latest solution with AI observational learning capabilities, which automatically learns how records correlate to one another and can mimic and learn from actions made by the user
  • Current market conditions driving changes in financial institutions’ technology strategy: cloud, data sovereignty and data residency, operational efficiency and cost