REGULATORY INTELLIGENCE BRIEFING 2019 - ISSUE #1 :
22 February 2019
Artificial intelligence (AI)-enabled products have taken the spotlight in the financial services industry, with institutions adopting tech-forward solutions in areas such as lending, anti-money laundering (AML), fraud prevention and data privacy. And while some players are quick to develop or utilize what the headlines boast are ‘disruptive technologies’ and ‘transformative solutions,’ others are wary.
In this month’s RIB, we delve into some of the areas in the financial services industry where AI may have the biggest impact. We cover what the solutions landscape looks like, how the technologies work and what the regulators are saying. Whether your institution has yet to consider adopting AI-powered solutions, or you have already implemented these types of innovative systems, this article will provide a map of where the industry — and your competitors — may be heading.