Fortytwo Data appoints machine learning expert Luca Primerano as Chief AI Officer

Share this post

Anti-money laundering (AML) and Big Data specialist Fortytwo Data has appointed machine learning expert Luca Primerano as Chief AI Officer.

The firm, based in the City of London, is the only company bringing true machine learning solutions to the field of AML at present.

CEO Julian Dixon hopes the new position’s focus on Artificial Intelligence (AI) will do even more to separate Fortytwo Data from firms who are not truly working with the technology.

Luca, who moves to the position from Head of Strategy, runs strategic artificial intelligence programmes for tier-1 universities and clients. His work builds the foundations of the Fortytwo Data platform, helping clients extract insights from patterns hidden inside vast quantities of data.

He specialises in automated decision making processes, which was his area of focus alongside digital transformation at Goldman Sachs, Deutsche Bank and Deloitte. He also holds an MS in Engineering from Politecnico di Milano, Italy, where he studied anomaly detection, data correlation and pattern identification.

Julian Dixon, CEO of Fortytwo Data, comments:

“The danger with a term like AI is that it can mean so many different things to different people and its use is frequently inappropriate.

“Popular culture and what Hollywood has done for the term ‘artificial intelligence’ have raised the bar on what is expected but many systems nowadays profess to possess machine learning but, put simply, do not.

“In moving Luca to this position, we are seeking to distinguish ourselves from companies whose technology does not reflect the most recent academic research into AI.”

Luca Primerano, Chief AI Officer, comments:

“If someone says a system possesses AI just because it can adjust a set of rules, then this is a mistake.

“Rules in their basic form are absent from true artificially intelligent systems.

“This is where the transformative power of real AI stems from and, in the anti-money laundering sector in which we specialise, it also poses one of the biggest problems – how can regulators satisfy themselves that a risk-based approach to policing people and transactions is actually occurring?

For more information, click here.

More To Explore

Membership

Are you a member of The Payments Association?

Member benefits include free tickets, discounts to more tickets, elevated brand visibility and more. Sign in to book tickets and find out more.

Welcome

Log in to access complimentary passes or discounts and access exclusive content as part of your membership. An auto-login link will be sent directly to your email.

Having trouble signing?

We use an auto-login link to ensure optimum security for your members hub. Simply enter your professional work e-mail address into the input area and you’ll receive a link to directly access your account.

First things first

Have you set up your Member account yet? If not, click here to do so.

Still not receiving your auto-login link?

Instead of using passwords, we e-mail you a link to log in to the site. This allows us to automatically verify you and apply member benefits based on your e-mail domain name.

Please click the button below which relates to the issue you’re having.

I didn't receive an e-mail

Tip: Check your spam

Sometimes our e-mails end up in spam. Make sure to check your spam folder for e-mails from The Payments Association

Tip: Check “other” tabs

Most modern e-mail clients now separate e-mails into different tabs. For example, Outlook has an “Other” tab, and Gmail has tabs for different types of e-mails, such as promotional.

Tip: Click the link within 60 minutes

For security reasons the link will expire after 60 minutes. Try submitting the login form again and wait a few seconds for the e-mail to arrive.

Tip: Only click once

The link will only work one time – once it’s been clicked, the link won’t log you in again. Instead, you’ll need to go back to the login screen and generate a new link.

Tip: Delete old login e-mails

Make sure you’re clicking the link on the most recent e-mail that’s been sent to you. We recommend deleting the e-mail once you’ve clicked the link.

Tip: Check your security policies

Some security systems will automatically click on links in e-mails to check for phishing, malware, viruses and other malicious threats. If these have been clicked, it won’t work when you try to click on the link.

Need to change your e-mail address?

For security reasons, e-mail address changes can only be complete by your Member Engagement Manager. Please contact the team directly for further help.

Still got a question?