Artificial Intelligence

On October 18, 2019, the Task Force on Artificial Intelligence, which is a task force within the House Financial Services Committee (FSC), held a hearing titled “AI and the Evolution of Cloud Computing: Evaluating How Financial Data is Stored, Protected, and Maintained by Cloud Providers.” In a memorandum published before
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AI is no longer the province of academics, novelists and filmmakers. It has gone mainstream, and the confluence of computing power, enhanced algorithms and mass data is rapidly enhancing AI applications in industry.

Robotic process automation tools can now effectively handle finance and administration processes. Telecommunications organizations, for example, use
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By  Victoria Lee and Andrew W. Grant

On September 12, 2019, the Task Force on Artificial Intelligence, which is a task force within the House Financial Services Committee (FSC), held a hearing titled “The Future of Identity in Financial Services: Threats, Challenges, and Opportunities.” As the FSC wrote before the
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As AI systems have evolved and become more sophisticated, the risk of fraud targeting corporations and consumers has increased. In a recent cybercrime case, artificial intelligence-based software was used to pressure the CEO of a UK-based energy company to transfer funds to what he believed was an outside supplier.

The CEO, who believed he was speaking on the phone to his boss, was asked to send the money − $243,000 − to a Hungarian supplier within an hour.
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By Kit Burden and Harry Jefferies

Alongside blockchain and, more recently, augmented reality and edge computing, artificial intelligence, AI, is another technology buzzword that is working its way into the business world. So what is AI?  Simply put, it is the ambition to use machines to undertake decision making-based processes
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