Artificial Intelligence

AI vs Financial Crime: Pankaj Kumar on AML Innovation, Explainable AI & the Future of Compliance

Pankaj Kumar — Actimize Consultant/Developer

In this in depth interview, Pankaj Kumar, an Actimize Consultant at Tata Consultancy Services, shares his expert perspective on how artificial intelligence is transforming anti-money laundering (AML) and financial crime prevention. With more than 16 years of experience across retail and investment banking compliance, Pankaj explains why traditional rule-based AML systems are no longer sufficient in today’s data-heavy and rapidly evolving threat landscape.

Pankaj discusses the core challenge financial institutions face today: overwhelming transaction volumes combined with high false-positive rates that exhaust investigators and obscure real criminal activity. He explains how intelligent, AI-driven systems can dramatically improve detection accuracy while reducing noise, allowing compliance teams to focus on genuine risk rather than routine activity.

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