Category «Financial System»

AI in Finance and Banking, October 31, 2024

This semi-monthly column by Sabrina I. Pacifici highlights news, government reports, NGO/IGO papers, industry white papers, academic papers and speeches on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Five highlights from this post:: SEC to intensify scrutiny of AI tools; The Bank of England is establishing an Artificial Intelligence Consortium; Swift to Launch AI Fraud Detection for Global Banking in 2025; Economics of Artificial Intelligence Keynote; and Artificial Intelligence, the Economy and Central Banking.

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Subjects: AI in Banking and Finance, Cyberlaw, Financial System, Legal Research

Pete Recommends – Weekly highlights on cyber security issues, October 26, 2024

Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly complex and wide ranging ways technology is used to compromise and diminish our privacy and online security, often without our situational awareness. Four highlights from this week: Three US industry groups sue FTC to block ‘Click to Cancel’ rule; National Security Agency Mobile Device Best Practices; EU slaps LinkedIn with $334 million fine for targeted advertising; and CFPB Orders Apple and Goldman Sachs to Pay Over $89 Million for Apple Card Failures.

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Subjects: Cybercrime, Cybersecurity, Financial System, Legal Research, Social Media

Pete Recommends – Weekly highlights on cyber security issues, October 19, 2024

Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly complex and wide ranging ways technology is used to compromise and diminish our privacy and online security, often without our situational awareness. Four highlights from this week: US Government Recovered $4 Billion Worth of Fraud With AI; Deepfakes Can Fool Facial Recognition on Crypto Exchanges; FTC announces rule to make it easier to cancel subscriptions; There’s Never Been a Better Time to Delete Your 23andMe Data. Here’s How to Do It; and For Customs and Border Protection, AI has been a ‘game-changer’

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Subjects: AI, Blockchain, Cryptocurrency, Cybersecurity, Economy, Financial System

AI in Finance and Banking, October 15, 2024

This semi-monthly column by Sabrina I. Pacifici highlights news, government reports, NGO/IGO papers, industry white papers, academic papers and speeches on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Six highlights from this post: FSB Roundtable on Artificial Intelligence (AI) in Finance; Mastercard Blockchain Patent Could Make Financial Audits Easier; Artificial Intelligence (AI) and Management Accountants (MA) – Future of AIMA Model; Financial Machine Learning; The Office of the Comptroller of the Currency (OCC) is soliciting academic research papers on the use of artificial intelligence in banking and finance; and upcoming seminar – How technology is reshaping the future of money and finance.

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Subjects: AI in Banking and Finance, Blockchain, Economy, Financial System, Legal Education, Legal Research

AI in Banking and Finance, September 30, 2024

This semi-monthly column by Sabrina I. Pacifici highlights news, government reports, NGO/IGO papers, industry white papers, academic papers and speeches on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Six highlights from this post: Economic Policy Challenges for the Age of AI; How to Build Trust in Answers Given by Generative Ai for Specific and Vague Financial Questions; AI-Enabled Value Creation in International Business: Crossing the Boundary of Bounded Rationality; The rise of generative AI: modelling exposure, substitution and inequality effects on the US labour market; Intelligent financial system: how AI is transforming finance; and Is AI the Cornerstone for Financial Inclusion?

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Subjects: AI in Banking and Finance, Cryptocurrency, Economy, Financial System

AI in Finance and Banking, September 16, 2024

This semi-monthly column by Sabrina I. Pacifici highlights news, government reports, NGO/IGO papers, industry white papers, academic papers and speeches on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Six highlights from this post: The Imperative to Realizing AI’s Potential in Banking: Finding the Right Fit; The Impact of Cloud Computing and AI on Industry Dynamics and Concentration; Empowering Global Banking Through AI-Driven Risk Management: A Practical Framework for Optimization and Methodological Integration; AI-Driven Failed Trials in Investment Strategies: A Network Data Analysis Approach; Harvard Business School (HBS) has published a case study on DBS’ strategy towards Artificial Intelligence (AI), highlighting the bank’s use of AI; and Banks bet on a tech surge. It’s paying off big time as AI, software bring ‘sea change’ in productivity.

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Subjects: AI, AI in Banking and Finance, Cryptocurrency, Economy, Financial System, Legal Research

Pete Recommends – Weekly highlights on cyber security issues, September 14, 2024

Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly complex and wide ranging ways technology is used to compromise and diminish our privacy and online security, often without our situational awareness. Five highlights from this week: Why digital identity should be a priority for the next president; Google, TSA Testing New “ID Pass” in Wallet, Created by Scanning Passport; Google sued over AI-driven tool for customer service call review; and Reolink’s battery-powered security camera can record for days without subscription fees; and This Tool Finds Matching Usernames Across 400 Social Media Networks.

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Subjects: AI, Cybercrime, Cybersecurity, Financial System, Law Library Management, Privacy, Search Engines, Search Strategies

Pete Recommends – Weekly highlights on cyber security issues, September 7, 2024

Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly complex and wide ranging ways technology is used to compromise and diminish our privacy and online security, often without our situational awareness. Four highlights from this week: In a Big Blow to Internet Archive, Appeals Court Says Online Lending Library Is Not Fair Use; Clearview AI was keeping an illegal database of faces; gets fined; How to scan for unknown trackers that might be following you; Chase money glitch: How a viral TikTok trend turned out to just be plain check fraud; and How to scan for unknown trackers that might be following you.

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Subjects: Cryptocurrency, Cybersecurity, Economy, Financial System, Healthcare, Legal Research, Social Media

Pete Recommends – Weekly highlights on cyber security issues, August 24, 2024

Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly complex and wide ranging ways technology is used to compromise and diminish our privacy and online security, often without our situational awareness. Five highlights from this week: Meta’s new crawler could scrape your page, even when you don’t want it to; Don’t trust Google for customer service numbers. It might be a scam; Cox Communications Battles Copyright Case That Could Disrupt TV Streaming for Millions; U.S. government urging to update Galaxy phones due to vulnerability; and IRS still faces security challenges in aftermath of taxpayer data leak.

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Subjects: Congress, Cybercrime, Cybersecurity, Economy, Financial System, Privacy, Social Media
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