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BankInfoSecurity May 5, 2021 Compliance Compliance gsuparna) • January 12, 2021     Guy Sheppard, head of the APAC Financial Crime Compliance Initiative at SWIFT Many companies claim to be successfully using artificial intelligence for security, but the use cases are still not convincing because the technology is incapable of detecting unknown malware, says Guy Sheppard, head of the APAC Financial Crime Compliance Initiative at SWIFT, a global provider of secure financial messaging services (see: “As far as artificial intelligence is concerned, many companies are claiming incredible use cases, but the challenge with artificial intelligence programs is that they are very dependent on data. A small error in data can vary the results to a great extent, Sheppard says.

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