Thailand is advancing the use of artificial intelligence (AI) in fraud detection, particularly within its financial sector. The country’s financial institutions are expected to collaborate on risk management and fraud prevention to address emerging financial crimes, with an emphasis on an integrated approach to prevention. This initiative is supported by Thailand’s strong regulatory frameworks and the collaboration among banks, which aligns with successful models from countries like Australia, Europe, and Hong Kong in tackling financial crime.
Thailand is increasingly adopting technology to combat financial fraud, including implementing real-time payment protection systems to safeguard digital transactions. AI is playing a key role in transforming fraud detection and anti-money laundering processes, especially as digital ID systems enable faster identity verification. AI’s role in this process is crucial for ensuring both security and efficiency in handling digital transactions.
In addition, businesses and banks in Thailand are preparing for a broader implementation of AI, particularly in the use of large language models (LLMs) for various tasks. One example is the application of a two-model system: one primary LLM to answer questions and a separate “judge” model to evaluate the responses. Banks are using AI to validate and test their own AI systems, with human experts reviewing the results to ensure accuracy and proper safeguards. This combination of AI and human oversight is designed to improve the reliability and security of AI applications in the financial sector.
(Source: Theinvestor.vn)
