Tag: Artificial Intelligence (AI)

Ahead of expected new law, Canada seeking industry input on how to mitigate risk inherent in AI

Analysts predict the AI revolution could disrupt the jobs of 70% of the global workforce. Companies need to adapt to a world of flexibility, agility and accelerated upskilling, says Protiviti’s Jim DeLoach.

Talent shortages, economics & security breaches listed as biggest risks to organizations

Use of artificial intelligence is on the rise, but HR policies are still taking shape Survey Littler Workplace AI Report 2023 What’s in this survey report from Littler: Employers are looking to reap benefits from AI tools in human resources functions, while navigating new vulnerabilities created by an evolving patchwork ...

New EU deforestation rules, which encourage use of satellite imagery, are just the beginning

Feel safe in the knowledge that you’re covered by KYC checks? Are you sure about that? An arms race of sorts is brewing between financial institutions and cybercriminals to see whose sophisticated measures will win out. Tamas Kadar of SEON looks at how to defeat advanced techniques like voice phishing ...

Protiviti’s Jim DeLoach revisits some of his writing from half a decade ago to see if companies are making good on the promise offered by technology to deepen the effectiveness of their risk management processes. Five years ago, I contributed an article to these pages titled, “Does ERM Really Matter ...

More than half of American employees are using generative AI tools at least occasionally to accomplish work-related tasks, according to a new survey by The Conference Board that found while a majority of workers are using these tools, few of their employers have mature organizational AI policies. The Conference Board ...

Regulators and auditors are already using AI for large-scale data analysis, but since most information relevant to investigations is unstructured, current tools and processes are lacking. But AI expert Johannes “Jan” Scholtes says that just as compliance teams and regulators adopted eDiscovery for dealing with large data sets, so, too, ...

So far, financial institutions are mostly using AI to improve the customer experience. But as Alex Roberto of Phaxis argues, there may be some good reasons why banks and other institutions aren’t yet embracing AI — their systems and technology won’t let them. The potential for artificial intelligence to revolutionize ...

About six months from the splashy launch of Open AI’s ChatGPT and despite continued global regulatory concerns about AI’s proliferation, new research indicates that corporations are using the technology across their operations and are likely to keep expanding deployment of AI. A Forbes Advisor survey found that customer service is ...

The sixth Thomson Reuters regulatory intelligence report is shining light on the role of fintech and regtech across the financial services industry and what trends firms should look out for as we head into a new year. The report, Fintech, Regtech and the Role of Compliance in 2022, includes insights ...