TECH - Nasdaq's Anti-Financial Crime Business Grows 20% Year-On-Year With AI Innovations | Benzinga
In a bid to strengthen its campaign against financial crime, Nasdaq Inc. (NASDAQ:NDAQ) has been investing heavily in artificial intelligence technology, according to the CEO Adena Friedman.
What Happened: Nasdaq has been channeling substantial investments into technology aimed at combating financial crime. This has led to the company’s anti-financial crime unit becoming its fastest-growing business. This news was announced by CEO Adena Friedman during the Consumer Technology Association conference in Las Vegas, reported Bloomberg.
According to Friedman, the company’s anti-financial crime business has seen roughly 20% year-on-year growth. "We are investing in the technology in a very significant way."
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