Items tagged with "Finance"

Machine Learning on the Rise in Financial Services

A Bank of England (BoE) report has found that the use of machine learning (ML) is on the rise in financial services. The report is based on a joint survey from BoE and the Financial Conduct Authority in 2019 of 106 firms. The UK economy is increasingly powered by big data, with financial services in particular […]

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Data Amplified 2019: Explainable AI in Finance

Maria Mora, Principal Engineer on Artificial Intelligence and XBRL Expert at Fujitsu Laboratories of Europe, demonstrated the exciting work Fujitsu are doing developing explainable AI for finance. Financial services are demanding more advanced AI solutions. They want to apply AI to numerous situations that require high credibility, such as sales predictions, risk management for investment, […]

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Can Regtech Solve the Fintech Problem?

As we’ve reported here before, the financial system is currently undergoing a technological revolution that regulators must respond to. Cryptocurrencies, new payment systems (tap to pay is becoming the norm) and digital banking all need new forms of oversight. At the same time, banking supervision is a highly complex system, with regulatory submissions reaching record […]

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Regulation Must Evolve to deal with Big Techs in Finance

With Facebook’s recently announced intentions to step into the world of finance with the launch of Libra, a cryptocurrency, BIS have published a timely report into the need for regulatory policy to deal with big tech in finance. The entry of big tech into finance does hold the potential for enhanced efficiency and financial inclusion, […]

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