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Items tagged with "AI"

Could Blockchain or AI Replace XBRL? 

Mohini Singh, ACA, Director of Financial Reporting, CFA Institute and Campbell Pryde, President and CEO, XBRL US have published a blog on the XBRL US website demonstrating why blockchain and AI cannot replace the XBRL standard. We sometimes hear the argument that XBRL is old technology and should be replaced with technologies like blockchain or […]

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Hong Kong Push for Data Privacy

While big data offers unparalleled opportunities for analysis and forecasting there are also serious ethical concerns surrounding data privacy issues that must be balanced. As such, the Hong Kong Monetary Authority (HKMA) are pushing for the adoption of an Ethical Accountability Framework (EAF) in the collection and use of personal data. The report on the […]

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Europe Adopt AI Plan

In February the European Council adopted conclusions from the Coordinated Plan on Artificial Intelligence. The plan underlines the crucial importance of fostering the development and use of artificial intelligence by increasing investment, strengthening research and encouraging collaboration between industry and academia. The conclusions include a recognition of the need for more secure and high quality […]

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Auditing in the AI Age

AI has led to some predicting the catastrophic demise of the audit profession – however, as robots don’t quite live up to the job-stealing hype that’s been predicted, how will the smart machine age really effect the evolution of auditing? Jillian Alderman explores the reality of audit in the AI era in an article in the Graziadio Business Review this week.

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AI: What are the Risks for Investors?

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 […]

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Can AI Streamline Corporate Reporting?

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 […]

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Robot Criminals Cuffed

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 […]

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Singapore Meeting on AI Ethics

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 […]

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US Regulators: Think Outside The AML Box

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 […]

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Cyborg Supervision

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?

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