Imagine if you could stop rogue trading when it was just the spark of an idea — a stray thought sparked by a trader’s expensive divorce, a big loss suffered at a poker game, or growing disillusionment with the daily grind.
Imagine if, instead of being bogged down in 10,000 emails a day with words like “fraud”, compliance teams could instead detect changes in tone and other subtle tics that show a trader’s behaviour is changing.
In a world where a Japanese company has launched artificial intelligence cameras that are designed to predict shoplifting before it happens, it is not so hard to believe that the world’s biggest banks are closing in on advances that will allow them to do the above and more.