Artificial Intelligence and machine learning offer enormous potential for the investment industry – however, the adoption of new technologies has a range of impacts that need to be considered. A report published last month explores these concerns, asking what the potential impact of Artificial Intelligence will be on the CFA Institute’s Code of Ethics and […]
The Financial Reporting Council (FRC) have published a deep-dive report investigating the role AI will play across corporate reporting. The report covers AI basics, how AI can be used for corporate reporting and suggested actions to ensure quality reporting can be powered by AI. Annual reports and other regulatory documents have high levels of standardisation […]
Last month the Securities and Exchange Commission (SEC) took enforcement action against two robo-advisors for the first time. Technology is rapidly changing the way investment works, and one way it is changing is through the proliferation of robo-advisors; automated, software-based portfolio management services. With AI on the way there’s been increased concerns that AI’s ability to synthesise data […]
Singapore’s Advisory Council on the Ethical Use of Artificial Intelligence and Data convened for their inaugural meeting on Friday, Nov 30. The Advisory Council brings together international industry leaders in technology and AI, local companies using AI, social and consumer interest advocates, academia and government. The council members discussed the ethical use of AI and […]
This week a group of US regulators have announced that they will not penalise banks that use artificial intelligence tools to find gaps in existing anti-money laundering programmes. The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), the Financial Crimes Enforcement Network (FinCEN), the National Credit Union Administration, and […]
What does the future of regulation look like? Is there a tension between a supervisory regime that seemingly relies on human judgement, but is increasingly investing in automation, machine learning and AI?
Futurist Brett King, CEO and founder of Moven gave his radical futurist vision of the world in 2030 and beyond at the Innotribe opening and keynote on Monday at Sibos.
At Sibos, in Sydney this week there was significant focus on Artificial Intelligence, with speakers from a range of backgrounds discussing everything from IoT to AI and ethics.
Fast growing interest in the environmental, social and governance (ESG) aspects of investing has led to a data explosion over the past decade. In the US alone, the growth has been spectacular: four-fifths of American companies now publish reports on corporate social responsibility – quadruple that of seven years ago – and in general, the amount of data reported to the SEC has increased five-fold since the financial crisis. While we enthusiastically welcome the increased transparency and trust more data can bring, sifting through all that information is difficult, and investors seem to have particular trouble translating ESG information into investible data, especially as so much of it is unstructured textual, qualitative disclosure, rather than comparable quantitative data.
In a speech this week, Steven Maijoor, the ESMA chair, reiterated how the democratisation of information and increased scope for AI applications presents a novel chance to build a better, more trusting future. The notion that information can, in the most profound of ways, radically transform markets is clear. Combined with the fact that many […]