Source: ComputerWeekly

ComputerWeekly – Oracle is increasingly using AI-powered platforms to identify and prevent financial crimes, including money laundering, fraud, and regulatory breaches, in collaboration with banks and governments. These systems analyze massive datasets to spot patterns, anomalies, and red flags in real time.

The article emphasizes Oracle’s focus on regulatory compliance and proactive risk mitigation, especially in sectors under heavy legal scrutiny such as finance and insurance. The company’s tools are aligned with anti-money laundering (AML) frameworks and seek to assist financial institutions in meeting legal obligations more efficiently.

While experts commend the efficiency of these tools, the article also raises privacy and accountability concerns, particularly around explainability and potential misuse of AI decision-making. Regulatory bodies are encouraged to monitor such implementations to avoid overreach.