Narrative Science , the platform that uses artificial intelligence to write reports has launched a new service for anti - money laundering ( sip ) . Once a suspicious activity alert is issued the system collects relevant data and produces a suspicious activity report ( SAR ) for internal auditors and analysts . The system is currently in collaborative testing with a large financial institution .
Narrative Science, the platform that uses artificial intelligence to write reports has launched a new service for anti-money laundering (AML). Once a suspicious activity alert is activated the software digests relevant data and produces a suspicious activity report (SAR) for internal auditors and regulators. The system is currently in beta testing with one large financial institution.