Airstar and livi Banks partner with FCC Analytics using federated learning tech to combat money laundering, aligning with HKMA's regulatory framework.

Airstar Bank and livi Bank, both based in Hong Kong, have partnered with FCC Analytics to use federated learning technology to combat money laundering. This method enables banks to exchange information about suspicious activities without revealing sensitive customer data. The initiative aligns with the Hong Kong Monetary Authority's regulatory framework, enhancing compliance and fostering collaboration in the fight against financial crime.

October 28, 2024
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