New Delhi, Nov. 20 -- Despite rising investments in compliance, the financial industry is detecting only 2 per cent of global financial crime flows, so a new report by McKinsey & Company stated that the solution lies in the agentic AI, an evolution of analytical AI, could significantly improve automation and productivity.

The report highlighted that agentic AI, an evolution of analytical AI, could significantly improve automation and productivity across the client life cycle and help banks tackle long-standing KYC/AML (know-your-customer and anti-money-laundering) challenges.

It stated "financial industry detects only about 2 per cent of global financial crime flows, despite increasing spending by up to 10 per cent a year in some advanc...