Finance

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AIFinanceFSBOECD

OECD and FSB roundtable explores AI’s growing role in finance

In May 2024, the Organisation for Economic Co-operation and Development (OECD) and the Financial Stability Board (FSB) hosted a roundtable on the adoption of AI in finance, bringing together experts from both the public and private sectors. Discussions focused on the opportunities AI presents, as well as the risks it introduces to the financial industry.

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DataFinanceTrust

Finance leaders don’t trust their data

By Editor

Finance leaders are grappling with trust issues regarding their organisation’s financial data, reveals a recent survey by BlackLine. The survey, conducted among over 1,300 C-suite and senior finance professionals across seven global markets, found that nearly 40% of CFOs lack complete trust in the accuracy of their own financial data.

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DataDigitalFinancePoliticalTransparency

Transparency in political finance disclosures?

By Editor

Should political finance data be digital? A new report from the International Institute for Democracy and Electoral Assistance (International IDEA) advocates for machine-readable disclosure of political party campaign expenditure in Albania, arguing that strengthening digital disclosure of political party finances would underpin essential democratic transparency.

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DigitisationFinanceLendingPayments

Seizing Digital Finance Opportunities

By Editor

The Covid-19 crisis has flipped a digital switch, accelerating pre-existing shifts towards digitalisation and the use of new technologies in business and banking.

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FinanceOpen DataSME

Could Open Data address the SME Funding Gap?

By Editor

Inspired by the early success of Open Banking, in a paper this week the Bank of England(BoE) explores a vision for open data across the whole economy. The Bank thinks it could help close a £22bn funding gap for Small and Medium Enterprises (SMEs) in that country. Data has unique properties that make it more beneficial to access […]

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AIFinanceRegulation

An AI Regulatory Roadmap

By Editor

A recent Centre for Finance Technology and Entrepreneurship (CFTE) paper develops a regulatory roadmap for addressing the increasing role of AI in finance, focusing on how human involvement can deal with ‘black box’ issues. The paper identifies three regulatory challenges from AI in finance. Firstly, AI algorithms increase information asymmetries between various users and developers. […]

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BankingDataFinance

India to Give Individuals Financial Data Access

By Editor

India’s banks are set to roll out a unique system designed to give 560 million internet users unprecedented control over their own financial data. The new system will give people the ability to decide what data to share, with whom, and for how long. It takes advantage of pre-existing requirements for data to be reported […]

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Big TechFinanceFSB

FSB Assess Financial Threat of BigTech

By Editor

This week also sees the Financial Stability Board (FSB) chiming in on the growing number of reports and speeches examining the financial stability implications of BigTech and the digitisation of finance with two reports. Firstly, the FSB looks at the range of issues raised by the entry of BigTech firms into finance in BigTech in finance: […]

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EUFinanceRegulation

EU Adopts Changes to Supervisory Framework

By Editor

As the year draws to a close the EU is going through the process of adopting the first review of the European system of financial supervision (ESFS) since it was established in 2011. The ESFS was established in 2011 in response to the 2008 financial crisis. It consists of the three European supervisory authorities (ESAs); […]

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AIBankingFinanceMachine LearningUK

Machine Learning on the Rise in Financial Services

By Editor

A Bank of England (BoE) report has found that the use of machine learning (ML) is on the rise in financial services. The report is based on a joint survey from BoE and the Financial Conduct Authority in 2019 of 106 firms. The UK economy is increasingly powered by big data, with financial services in particular […]

Items tagged with "Finance"

OECD and FSB roundtable explores AI’s growing role in finance

Finance leaders don’t trust their data

Transparency in political finance disclosures?

Seizing Digital Finance Opportunities

Could Open Data address the SME Funding Gap?

An AI Regulatory Roadmap

India to Give Individuals Financial Data Access

FSB Assess Financial Threat of BigTech

EU Adopts Changes to Supervisory Framework

Machine Learning on the Rise in Financial Services

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Finance

Items tagged with "Finance"

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