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Monday, October 14, 2019
Data-driven regulation and compliance is the key to a successful future financial services industry With regulators being the ‘public champion’ for new data technologies, this paper explores the automation of regulation and compliance and areas that offer significant potential to transform services and support the work of regulators. The data […]
Regulators, frustrated with the slow speed of change, have encouraged banks to deploy more technology. Picture: Shutterstock When HSBC thwarted a $500 million central-bank heist, sophisticated computer software didn’t raise the alarm. The funds flowed undetected from Angola’s reserves to a dormant company’s account in London. It was a teller […]
Adoption of AI technology is accelerating at a rapid rate. Gartner has forecast that by 2020, AI will be a top-five investment priority for more than 30 % of CIOs. A McKinsey study estimates that tech companies are spending somewhere between $20bn and $30bn on AI, mostly in research and […]
There’s a fascinating dichotomy in artificial intelligence between statistics and rules, machine learning and expert systems. Newcomers to artificial intelligence (AI) regard machine learning as innately superior to brittle rules-based systems, while the history of this field reveals both rules and probabilistic learning are integral components of AI.This fact is […]
Citi announced on Monday (April 29) the launch of NextGen, its artificial intelligence-powered risk analytics scoring engine. In a press release, Citi said it teamed up with EY and SAS to create the scoring engine, which aims to streamline the time it takes to review high volumes of trade transactions […]
Artificial intelligence (AI) presents limitless opportunity, but not without potential pitfalls and risks. This paradox has become increasingly evident for government leaders. They want to give domestic companies an edge over the competition, but are also expected to protect their citizens and use AI for social good. They want to […]
As the workplace becomes increasingly digital, enterprise IT departments are adding a new member to the team: AI technology. Digital transformation has greatly enhanced enterprise productivity. Cloud solutions have replaced outdated, on-premises systems and bulky, physical assets are disappearing from desks. But the increasing number of digital users also produces […]
Machine Learning capabilities hold great potential for new revenue streams and tremendous cost savings for enterprises. Increasingly, businesses are using ML to strengthen their competitive advantage and drive innovation. Is your organisation embracing this shift or are you falling behind? If you are on the “bias-for-action” side of the scale […]
Companies considering how to invest in AI capabilities should first understand that over the coming five years applications and machines will become less artificial and more intelligent. They will rely less on bottom-up big data and more on top-down reasoning that more closely resembles the way humans approach problems and […]
Singapore’s main prosecuting body, the Attorney General’s Chambers, or AGC, which looks after crime and financial sector cases, is to launch an automated litigation analysis work platform to improve efficiency in its courts. It is also set to embrace large scale text analytics for major evidence reviews. And, the important […]
