Supervisors see promise in AI but warn data remains key – Central Banking

Synthetic intelligence may assist supervisors overcome main challenges, however knowledge stays a stumbling block, audio system at a serious know-how convention stated.

Audio system at Regnology’s annual conference in Frankfurt at present (November 21) stated AI may deliver large advantages, however pointed to some cussed issues. Most jurisdictions wrestle with the big selection of techniques in use at banks, which makes it troublesome to design software program to automate regulatory knowledge assortment. Many nonetheless depend on templates