UBS Taps Machine Learning for KYC

The bank is rolling out a project using machine learning and natural-language processing for KYC and AML activities.

Brain

UBS is banking on machine learning to solve its know-your-customer (KYC) problem and is undertaking a project to use the technology to match information and find anomalies in customer information.

The Swiss bank is working with unnamed partners to build a KYC and anti-money laundering (AML) platform that uses machine learning, particularly natural-language processing (NLP), to take in data from public sources and connect it to customer information.

Mike Dargan, group chief information officer

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