Category: Artificial Intelligence

Explore the RegTech Revolution

The one job in banking the robots can’t take

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 at a suburban bank branch…
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28th August 2019 0

The ethical use of data for training machine learning technology

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 development. While the social utility…
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31st July 2019 0

Creating Explainable AI With Rules

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 perhaps nowhere truer than in establishing…
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20th June 2019 0

How To Avoid Nightmares When Onboarding AI-Powered Regtech

The rapidly expanding realm of artificial intelligence (AI) presents a powerful tool for meeting the requirements of regulatory oversight. But like any powerful tool, using it incorrectly can lead to disaster. I have seen firms allocate large budgets to onboard extremely advanced technology to solve a particular challenge, but their efforts are not always successful.…
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8th May 2019 0

Citi Rolls Out AI-Powered Risk Analytics Scoring Engine

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 while also ensuring regulatory compliance.…
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6th May 2019 0

Blockchain Front Page: Can Crypto Debit Cards turn Bitcoin into Real Money?

At the end of February, Shift announced it was shutting down its Coinbase debit card. In a message to customers, it explained that it hopes to relaunch in the future, but for now U.S. residents are left with few crypto debit card options. A few days ago, Coinbase announced they were partnering with PaySaf, to…
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17th April 2019 0

Transforming the Service Desk: Adding AI to the Team

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 mass amounts of service requests.…
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25th February 2019 0

Seven things every executive should know about Machine Learning

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 and have already started steering…
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21st January 2019 0

The Future of AI Will Be About Less Data, Not More

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 tasks. This general reasoning ability…
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15th January 2019 0

Singapore to Launch Automated Litigation Work Platform For Prosecutors, Set to Embrace AI

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 South East Asian legal centre…
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11th January 2019 0