The Artificial Intelligence Act officially came into force on 1 August 2024. The Act, one of the first of its kind, establishes a common regulatory and legal framework for AI within the European Union. How will it impact the financial sector? According to Susie Mackenzie, head of legal analysis at Corlytics, regulating AI represents a challenge...Read More
Whilst its existence in the industry has been known for countless years, the impact and use of AI in financial services has ramped up massively over the past three years. In the area of risk assessments, how has AI changed this process? According to Anna Shute, product manager at Qkvin, risk management is a crucial aspect...Read More
In a time where AI is revolutionising industry after industry, the increasing need and desire to automate compliance is becoming ever more sought after. The role of AI in financial services is rapidly increasing, with the introduction of ChatGPT causing deep ripples in the financial industry. With compliance being a permanent challenge for companies to...Read More