Kindred Group helps to strengthen anti-money laundering

Business News

Kindred Group has entered into a collaboration with the Research Centre for Machine Learning at City, University of London, and BetBuddy.

They will jointly embark on a project which will see Kindred support and fund a PhD program to explore the use of deep learning and Artificial Intelligence (AI) techniques to strengthen Anti-Money Laundering (AML) decision processes.

“This project is yet another step in Kindred’s journey to find innovative ways of improving our business. The project ties in to the research already started within our Kindred Futures arm, looking at how AI can support detection of possible  suspicious behaviours”, says George Debrincat, Money Laundering Reporting Officer at Kindred Group.  “As a group we will be able to continue improving on our already strong compliance track record with the use of AI and big data, while further ensuring a safe and secure gambling environment for our customers”, adds George Debrincat.

Dr Artur Garcez, Head of City’s Research Centre for Machine Learning, said:

“We are fortunate to have been collaborating with BetBuddy since 2014 and now look forward to working with Kindred too on this research project. It is great to see our models and theory put to the test in a fulfilling collaboration that also drives new research that can improve peoples’ lives.”

Simo Dragicevic, CEO of BetBuddy, said:

“We are excited about partnering with Kindred, who are widely respected as innovators in all aspects of iGaming player protection. We are also pleased to be continuing our long-standing collaboration with Professor Garcez and his research team at City, who are respected globally as leaders in the fields of machine learning and extracting meaning and knowledge from AI”.