4226 Results from /regulation
Retired Member
The adoption of AI/ML in banking is not just a technological advancement; it is a strategic imperative that is reshaping the industry. From personalised consumer banking experiences to efficient commercial operations, AI/ML technologies are driving significant improvements in customer satisfaction, operational efficiency, and financial performance...
27 September 2024 /ai /regulation Artificial Intelligence and Financial Services
Iain Mantell Sector Specialist, Financial Services at IPI
Our world is increasingly reliant on digital infrastructure. This delivers the businesses that operate essential services tremendous corporate and customer experience (CX) benefits. But it also exposes them to risk. As a critical infrastructure sector, financial services is particularly at risk from cyber-threats and IT failure. That’s why the EU
27 September 2024 /regulation
Ritesh Jain Founder at Infynit / Former COO HSBC
In an era where digital transformation is imperative, introducing Vishvasya—the National Blockchain Technology Stack—marks a critical juncture in India's journey toward establishing a robust digital public infrastructure (DPI). Developed and launched by the Ministry of Electronics and Information Technology (MeitY), Vishvasya aims to leverage bloc...
27 September 2024 /regulation /predictions Blockchain Observations
Ben O'Brien Managing Director at Jaywing
As financial institutions increasingly integrate AI, they encounter the challenge of unlocking its potential while ensuring compliance with regulatory requirements and ethical standards. In this post, we'll review regulatory expectations, share strategies for building transparent and fair AI models, and cover the importance of robust governance and...
26 September 2024 /ai /regulation
Elaine Mullan Head of Marketing and Business Development at Corlytics
The business world is no stranger to transformative waves of change. In the 1980s and 1990s, the rapid globalisation of markets reshaped how companies operated, introducing new efficiencies (do you remember JIT or just in time?), expanding opportunities, and forcing adaptations that fundamentally altered the corporate landscape. Fast forward to to...
25 September 2024 /ai /regulation Women in FinTech
Anna Kuzmina Expert at Fintech
Issyk Kul Photo by Igor Tverdovskiy on Unsplash I love to share personal stories of the troubles I get into in different places around the world. Especially when it comes to payments, my professional field. This is a story of the payment product UX gone wrong because of one teeny tiny detail, and the
25 September 2024 /payments /regulation Fintech
Adam Preis Global Strategist at Ping Identity
The UK’s financial regulatory landscape is known for its comprehensive oversight, securing consumer interests and rights, and focus on maintaining fair, competitive markets. While the country’s financial rules aim to protect consumers and ensure market stability, they also emphasise innovation, particularly in the post-Brexit era. Central to this ...
25 September 2024 /regulation /identity Banking Regulations
Jeremy Takle Founder and CEO at Pennyworth
Artificial Intelligence (AI) is the world’s next transformative technology, offering unprecedented opportunities for productivity and growth. However, instead of embracing the transformative power of AI, some governments are reacting with excessive caution. This is often driven by fear and zero-sum thinking that fails to grasp the massive potentia...
24 September 2024 /ai /regulation Artificial Intelligence and Financial Services
Erica Andersen Marketing at smartR AI
Recently SCOTi®AI answered the following controversial questions: If large language models (LLMs), like SCOTi, are beginning to ‘express opinions’ on such controversial topics, then does SCOTi have the right to free speech? Who is responsible for SCOTi’s opinions and what right(s) does SCOTi have to express them? With the first case of libel bei
23 September 2024 /ai /regulation Artificial Intelligence
On 12 September 2024, the Prudential Regulation Authority (PRA) issued PS9/24, marking the second part of the near-final ruleset that addresses credit risk, the output floor, and Pillar 3 disclosures. These rules were accompanied by supervisory statements on Internal Ratings-Based (IRB) approaches and the definition of default. The PRA also release...
19 September 2024 /regulation
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