Elena Shtern’s Post

The Financial Conduct Authority has launched the #AI Lab to support innovators developing new AI models and solutions as part of their innovation services. The lab will also allow deeper understanding of the risks and opportunities AI can present to both #UKconsumers and markets, the watchdog said. The lab will also aim to promote the "safe and responsible use" of the #technology to drive growth, competitiveness and innovation, with four components: AI Spotlight, AI Sprint, AI Input Zone and Supercharged Sandbox. 🔦AI Spotlight will group together projects that provide a "real-world insight and practical understanding" into how firms are putting AI to use in #financialservices. 🏃♂️AI Sprint will bring together industry, academics, regulators, technologists and consumer representatives to inform the FCA's approach to AI and how to foster the right environment for growth and innovation. Read more about the FCA’s AI Lab here - https://pimfa.cc/hpZhO If you want to know more about #artificialintelligence then visit our webarea - https://pimfa.cc/SQcUP

📰 AI News - The Italy RegTech Business Report 2024 highlights a growing emphasis on data protection, the adoption of AI, and its collaboration with financial institutions. This detailed, data-centric analysis explores market opportunities and risks within the evolving regtech industry. With more than 50 key performance indicators, the report sheds light on investment opportunities shaping the future of technology and compliance. AI is revolutionizing industries, and regtech is a prime example of how innovation is driving smarter solutions for complex challenges. Are you a marketer or a business looking to leverage AI for greater impact? Follow us on LinkedIn for the latest insights, trends, and opportunities in AI-powered solutions!

For those who seek clarity on the regulations, timelines and some great insights surrounding AI strategy this is a great whitepaper!

IT executives in the financial sector understand that to fully harness the power of #AI and benefit from data-driven projects, it's essential to focus on foundational approaches that enhance data processing, storage, infrastructure, and analytics tools. Despite ongoing challenges with infrastructure investment and securing leadership support, they are making progress toward creating a sustainable, data-focused future that will effectively prepare them for a worldwide AI transformation. Discover the insights from our global survey here: https://okt.to/QDLkVP #TheDataMeetingPlace #WhereTomorrowComesTogether #PlatformDIGITAL #AI

The EU's AI Act is Now in Force: What It Means for Your Business in 2024 In 2024, businesses around the world are grappling with the implications of the EU's landmark AI Act, which came into force at the start of the year. As AI-powered automation becomes increasingly prevalent, 82% of global executives report prioritizing compliance with these new regulations. This trend is reshaping business practices, as companies must now navigate a complex web of requirements around AI transparency, risk assessment, and human oversight. The challenge lies in balancing compliance with the need to leverage AI's transformative potential - especially for small and medium-sized enterprises that may lack the resources of larger counterparts. A practical tip is to start by conducting a comprehensive audit of your current and planned AI deployments, categorizing them according to the EU's risk-based framework. This will help you identify areas requiring heightened scrutiny and opportunities to optimize your AI workflows for ethical and sustainable performance. AI-powered automation can enhance this process by automating data gathering and analysis, freeing up your team to focus on strategic decision-making. To stay ahead of the curve, how are you planning to future-proof your business against the evolving AI regulatory landscape? Remember, compliance is just the starting point - the true opportunity lies in harnessing AI as a catalyst for innovation, productivity, and responsible growth. ☕ Buy me a coffee: https://lnkd.in/eRuDv8BV 💳 IndiePage: https://juliopessan.app/ 🤖 UKode Labs: https://ukodelabs.com/ 📝 Docspark: https://docspark.io/ #AI #2024AITrends #EUAIAct #ComplianceStrategies

Are you ready for the AI revolution of 2025? The landscape of artificial intelligence is set to undergo significant transformations that will impact every industry. As per the latest insights, we need to gear up for some groundbreaking trends that will redefine our work and decision-making processes. Imagine a future where augmented working isn’t just a concept but a reality—think AI-driven tools seamlessly integrating with human workflows to enhance productivity like never before. Or consider the potential of real-time decision-making, where instant, data-driven insights empower us to make smarter choices in the blink of an eye. One compelling example of what's coming is in the sphere of advanced AI legislation. By 2025, we can expect more comprehensive laws governing AI, ensuring ethical standards and minimizing risks. This isn't just a regulatory necessity; it's a step toward building trust in AI systems, which is crucial for widespread adoption. In my experience working with data analytics teams, the shift towards real-time decision-making has already begun to show significant results. Faster, more informed decisions are leading to better outcomes and more innovative solutions. So here’s the question: Are we as individuals and organizations ready to embrace these changes? What steps are you taking today to prepare for tomorrow’s AI-driven world? Let's discuss how we can collectively get ahead of these trends and turn them into opportunities for growth and innovation. #AItrends2025, #AIinBusiness, #FutureReadyAI https://lnkd.in/eYWU8q2e

🚀 Dive into the future of financial services with Generative AI! 🌐 Australian financial services are on the brink of a revolution, thanks to the transformative power of Generative AI. Discover how this cutting-edge technology is set to redefine the industry by enhancing customer experiences, boosting productivity, and driving economic growth. Here's what you need to know: 🔑 Strategic Implementation: Leadership plays a pivotal role in harnessing GenAI's potential. With a clear roadmap, businesses can strategically apply this technology for maximum impact. 💡 Economic Potential: By 2030, GenAI will automating tasks and pave the way for new products and services. 🎯 Hyper-Personalization: GenAI allows financial institutions to deliver truly personalized customer experiences, revolutionizing client interactions and operational productivity. 🔒 Governance Challenges: While the opportunities are vast, careful governance and risk management are crucial to ensure ethical deployment. 🌟 The future is bright for financial services in Australia! Read our latest blog to explore how GenAI is reshaping the industry, offering unprecedented opportunities for innovation and efficiency. Don't miss out on the chance to lead the charge in this digital transformation journey. 👉 Read the full blog and be part of the transformation! 📈💼 https://lnkd.in/e8EtbYaU #GenerativeAI #FinancialServices #Innovation #DigitalTransformation #Australia #FutureOfFinance #fintech YBL.AI Steven Goh

Save the date: 2nd May @ 3pm HKT! Interesting webinar on how AI/GenAI can help optimise your regulatory watch and processes. Sang Joon Ahn Brian Lin Helina Lo Nai Zhiyun

Looking forward to see you all in this amazing webinar! Covering how to resolve multiple pain points in regulatory watch #genai #regulations #compliance

📰 News: 📰 --- 🚀 Norm AI Raises $27 Million for Game-Changing Regulatory Compliance Platform 💼 Hey, fam! Here’s some exciting news in the AI world that caught our attention. Norm AI has just bagged a whopping $27 million in Series A funding to supercharge its AI-driven regulatory compliance platform. 🌟 Let’s break down why this is a big deal: - --$27 million-- raised to expand and refine their AI platform. - This platform automates compliance workflows, making tasks --up to 80% faster--. - Norm AI’s tools can turn regulations into computer code, reducing compliance review times from --days to mere minutes--. John Nay, Norm AI’s founder and CEO, highlighted that we’re at a crucial inflection point in AI capabilities. When leveraged properly, AI can revolutionize the way businesses handle their compliance processes, making them more efficient and accurate. 🧠💡 Sri Viswanath from Coatue, the company leading the funding round, shared immense confidence in Norm AI’s vision to become a transformational AI company, scaling new heights in regulatory compliance. Now, we want to hear from you! What do you think about AI stepping into the regulatory scene? Drop your comments below and let’s get the conversation rolling. Don’t forget to hit that follow button for more insightful updates from Bernier Group! 👇💬 #AIDriven #Digital #AI #Data #SMB #SME #Strategy #Innovation #Business #ArtificialIntelligence #AnniQ https://lnkd.in/ebci6Q-e