Nasdaq Is Investing in AI Technology to Fight Financial Crime, CEO Friedman Says – Bloomberg

Nasdaq Inc. is throwing its weight behind technology that protects against financial crime as the demand to stop sophisticated, bad actors rises, according to Chief Executive Officer Adena Friedman.

“We are investing in the technology in a very significant way,” Friedman said Wednesday at the Consumer Technology Association conference in Las Vegas. The anti-financial crime business is also Nasdaq’s fastest-growing, up roughly 20% year-over-year, she said.

Nasdaq is enhancing its anti-crime offerings using artificial intelligence, which can predict and speed up the process of identifying criminal behavior, and rooting out bad actors in the industry, she said. The firm is working with banks, other exchanges and brokerage firms that can use the software to eliminate threats.

Source: Nasdaq Is Investing in AI Technology to Fight Financial Crime, CEO Friedman Says – Bloomberg