This week Rob Grupetta, Head of the Financial Crime Department at the UK’s FCA, spoke out on AI at an Anti Money Laundering (AML) event in London. With UK banks spending a reported £5 billion each year — more than the the cost of the UK prison system — on financial crime prevention, there is every […]
The Danish Business Registrar is beginning to use AI to enhance regulatory analytics on its repository of XBRL formatted financial statements.
Now Artificial Intelligence is going after the Traders. The shape of things to come, or is Skynet coming to Wall Street?
A widely reported briefing note from Citi this week, entitled “Digital Disruption Revisited” suggests that RegTech startups are harnessing Artificial Intelligence to cut significant costs — yes, mostly people — out of compliance activities within Financial Services firms. With the average compliance costs in the banking sector having doubled since 2008, it would make sense to automate […]
Having robust structured data as the foundation for FinTech applications will only improve the utilisation and utility of both.
XBRL Korea Annual Conference 14 April 2016 Seoul, Korea Information XBRL Korea, the Korea Accounting Institute and the KICPA are examining the impact on business reporting by AI and other trends such as Big Data in detail. The event will also identify opportunities for using structured data in conjunction with these emerging technologies to enhance the […]