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JPM exploring synthetic data for AML, software engineering

Synthetic data helps boots AML model accuracy by 15%

Vaidik TrivedibyVaidik Trivedi
March 1, 2024
in Banking
Reading Time: 2 mins read
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JPMorgan is exploring the use of synthetic data to streamline its anti-money laundering and software engineering processes.   Synthetic data refers to datasets that have been stripped of personal identifying information; developers can run simulations and test models on these datasets while avoiding biases and protecting original data, Deepak Paramanand, head of synthetic data product […]

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Tags: anti-money laundering (AML)artificial intelligence (AI)BBVAdataJ.P. Morgan (JPM)Premium
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