HKT Enterprise Solutions’ Post

Artificial Intelligence for Impact Analysis. Are you tired of reviewing thousands of legislative and regulatory updates each year? Our system utilizes a BERT (Bidirectional Encoder Representations from Transformers) base model to determine whether to keep or drop an item and uses NLP techniques and logistic regression as the ML algorithm to determine the primary category and issuance type for each record.

Really enjoyed today's panel on achieving greater effectiveness in transaction monitoring, expertly moderated by the formidable Meagan Birch ⭐ at the Global RegTech Summit 👉 Are today’s noisy TM systems comparable to a car alarm in the heart of NYC, a pointless defence?  👉 Are our attempts to refine and tune rule-based TM systems valuable? Or are we trying to refine and improve something that’s fundamentally broken and no longer fit for purpose? These were just some of the questions that were posed to the panel alongside the important reminder that “none of us were employed to reduce false positives. We were employed to fight financial crime”. I agree with the panel, making use of the wealth of data organisations have internally and transitioning from a rule-based detection to a greater use of #AI and #machinelearning is the only way for us to achieve greater effectiveness in TM. We need be disrupt the status quo and “be brave, be responsible”. Great to have the opportunity to demo how Resistant AI is helping firms to do just that! Hadas Haimov #financialcrimeprevention #innovation #transactionmonitoring

Check out our latest blog post, "Overcoming Data Challenges to Unlock Opportunities in Payment Integrity." Dive into the complex data obstacles prevalent in healthcare and uncover how AI and other emerging technologies can effectively tackle these issues surrounding payment integrity. Discover strategies for integrating diverse data sources, improving data quality, and how these initiatives can drive innovation and bolster operational efficiency. Read the blog now.  #paymentintegrity #fwa #aiinhealthcare #payers     https://lnkd.in/gXQTQe-D    

🚀 Unlocking Innovation: A Must for AI and Digital Pioneers 🚀 Imagine if you could streamline your innovation process while saving time and money. The DRCF AI and Digital Hub, in partnership with the ICO, is here to transform how tech innovators navigate the regulatory landscape. In our upcoming webinar, you'll gain insights into how this unique multi-regulator advice service can support your journey through the complex areas of financial services, competition, consumer and data protection, and online safety. This isn't just about ticking boxes; it's about building confidence to innovate and overcome regulatory challenges. During the webinar, you'll: - ✅ Save time and money with expert advice - ✅ Get clarity on regulatory hurdles - ✅ Boost your confidence to innovate - ✅ Streamline your engagement with regulators #Innovation #TechHub #AI #Regulations #DigitalTransformation

📍 Karan Kapoor, Global Head of Regulatory and Risk Consulting and Niamh Kingsley, Head of Product Innovation & Artificial Intelligence speak with RegTech Insight, from A-Team Group on Delta Capita’s strategy for navigating regulatory challenges and digital transformation in Capital Markets. Key takeaways include: ➡ Why organisations need to embrace a strategic approach to regulatory compliance ➡ The importance of ensuring long-term alignment with evolving regulations ➡ The need for robust governance frameworks ➡ Why every institution needs to benchmark their AI strategy against industry standards ➡ The significance of thinking ahead about post-digital strategies ➡ How digital upskilling is crucial to meet today’s technological demands 🔗 Full article in the comments. #RegTech #AI #Reinventing #FinancialServices #ArtificialIntelligence #Technology #CapitalMarkets #Digital

After extensive negotiations, the finalisation of the EU AI Act, the world's inaugural comprehensive regulation on artificial intelleigence, has taken place. The specific act, which was unofficially leaked on Tuesday, aims at shaping the future of artificial intelligence governance. A key takeaway we'd like to highlight is: ➡️ Sandboxes to Facilitate Innovation: The regulation introduces AI regulatory sandboxes to facilitate controlled innovation. Competent authorities offer guidance, supervision, and support throughout the process. Conducting tests in real-world settings outside the sandbox is permitted under regulatory oversight. ➡️Small and medium-sized enterprises (SMEs) are given priority access, along with customised awareness programs and reduced conformity assessment fees. Microenterprises have the option to fulfill specific quality management system elements in a simplified manner. The overall framework of the regulation aims to strike a balance between promoting innovation, providing regulatory oversight, and safeguarding fundamental rights which we welcome! Full act can be found here https://ow.ly/X6Cj50QukXb #EUAIAct #ArtificialIntelligence #AIRegulation #RegGenome #FinancialInnovation #AIinFinance

Anticipation is building as we await the imminent release of the final #aiact. Meanwhile, I would like to express my gratitude to Dr. Laura Caroli for providing us with this consolidated version of the proposed Regulation. #regulation #machinereadable #machinelearning #innovation #collaboration #artificialintelligence

🌟🚀 𝐄𝐱𝐜𝐢𝐭𝐢𝐧𝐠 𝐍𝐞𝐰𝐬: 𝐓𝐡𝐞 𝐈𝐬𝐥𝐞 𝐨𝐟 𝐌𝐚𝐧 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐀𝐮𝐭𝐡𝐨𝐫𝐢𝐭𝐲 (𝐅𝐒𝐀) 𝐢𝐬 𝐭𝐫𝐚𝐢𝐥𝐛𝐥𝐚𝐳𝐢𝐧𝐠 𝐰𝐢𝐭𝐡 𝐀𝐈! 🌐💡 In a groundbreaking move, the FSA has joined forces with a cutting-edge Luxembourg-based tech firm Regsearch to deploy an AI-powered chatbot, REGI, transforming compliance interactions into a seamless, user-friendly experience. 🤖📈 Let's give a big round of applause 👏👏 to the Isle of Man FSA for its innovative spirit and commitment to leveraging artificial intelligence to boost efficiency and enhance client satisfaction. 🌍🏆 What's your take on AI revolutionising regulatory practices? Join the conversation and share how you think AI is reshaping our industry's landscape! Isle of Man Financial Services Authority Ros Lynch 👍 Digital Isle of Man #AI #RegTech #innovation #IOMFSA #thefutureishere

Are you ready for the era of generative AI? To assist the banking sector preparing for this transformative technology, ebankIT is sharing a comprehensive Gartner® report that explores what banking CIOs need to know about this game-changing technology. Follow the link below to learn more about: - Use cases - Business impacts - Recommendations for leaders And plenty more valuable information… Download here: https://hubs.ly/Q02s-jQm0 #genai #generativeai #gartner #ebankit

#LargeLanguageModels and #GenerativeAI are poised to transform the world of post-trade, enabling firms to enhance client interactions and improve productivity 🚀 While #AI will bring benefits for the industry, issues must be addressed on #data quality, regulatory compliance, operational resilience, and the risk that vital workplace skills could be lost, as the technology’s adoption gathers pace ⚡ Yvan Mirochnikoff discussed these opportunities and challenges at #TNF in Warsaw alongside a panel of experts 🎙 Read the full insight 👉 https://lnkd.in/dfrsrm2G