Mr. Richard Walsh:

To add to that, there is then the detection of fraud using AI. We have just come to the end of a trial that BPFI did with the University of Galway, Bank of Ireland, IBM and a UK not-for-profit called Stop the Traffik. It looked to identify evidence of human trafficking in transaction histories. The trial has just concluded. The AI was successfully able to identify 20 new different ways, or collections of red flags, that banks can now look for in real time as transactions occur. That is something Bank of Ireland is looking to put into its real-time monitoring. AIB is looking at it too, and we want to see which other banks we can do that with. AI could be a powerful tool for real-time detection of behaviours a human eye might not pick up.