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The application of artificial intelligence to financial institutions will help to identify targeted queries to large amounts of text quickly, by reducing risk and increasing efficiency of financial compliance. Read more about how effectively compliance functions after the application of artificial intelligence to FI on our website and check out this infographic for a brief description. Visit: https://bit.ly/3u8mzaD
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Artificial Intelligence: Competitive Advantage for Financial Institutions The Regulatory Landscape The rise of financial technology has drawn the attention of regulators to FinTech firms and how they function. FinTech companies like any other regulated institutions are required to comply with a growing set of regulatory rules. AI and Compliance Artificial Intelligence (AI) is an umbrella term for a series of underlying technologies such as Machine Learning (ML) and Natural Language Processing (NLP), that can be brought together within a cloud-based environment to store and process huge amounts of data, to perform sophisticated tasks, without the assistance of humans. Applications of Artificial Intelligence AI allows you to identify targeted queries to large amounts of text quickly. some examples of AI and its application to a compliance function. Semantic similarity Contradiction and inconsistencies Question Answering Paraphrase Detections Named Entity Recognition AI-based advancements will assist compliance professionals by automating time-consuming administrative tasks, whilst enhancing decision-making. https://www.shieldfc.com/