1 / 8

Utilization Of Artificial Intelligence | Financial Compliance

Artificial intelligence will help financial compliance professionals by automating time-saving compliance tasks and it can enhance the decision-making process. AI will prompt them with the right decisions, highlight potential errors, and allow them to carry out tasks more efficiently and accurately. Have a look at this infographic and visit our website for detailed information: https://bit.ly/3u8mzaD

shielfc
Download Presentation

Utilization Of Artificial Intelligence | Financial Compliance

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Artificial Intelligence: Competitive Advantage for Financial Institutions The Regulatory Landscape

  2. Introduction The rise of financial technology has drawn the attention of regulators to FinTech firms and how they function. However, the real regulatory pain for FinTech’s is felt when scaling fast whilst entering new markets. FinTechs and Challenger Banks are under considerable time and resource constraints and therefore can not just rely on armies of compliance officers to stay competitive.

  3. 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. Technologies like Artificial Intelligence are being harnessed instead to transform their approach to governance, compliance and risk.

  4. 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.

  5. AI and the Future of Compliance Compliance is evolving at a rapid pace. The technology over the course of the next 10 years, AI-based advancements will radically shift it from what it looks like today. AI will assist compliance professionals by automating time-consuming administrative tasks, whilst enhancing decision making.

  6. Conclusion To get the competetive advantage financial institutions require, new systems and more advanced tech skills from compliance professionals. A large portion of FinTech and Challengers have this in place due to their technology-focused hiring and lack of legacy systems. The global banking sector is also following suit. Two key themes across the 2018 annual reports were around upskilling their workforce and using technologies like AI to improve operational efficiency.

  7. Contact Us https://www.facebook.com info@shieldfc.com https://www.shieldfc.com/ https://www.instagram.com/shield.regtech/ https://twitter.com

  8. Thank You

More Related