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Artificial Intelligence in BankTech

The Bank of England and the Financial Conduct Authority released their new final report on the Artificial Intelligence Public Private Forum in February 2022. The UK financial regulators emphasised the pros and cons of applying AI techniques. Mainly they focussed on the AI benefits and challenges in the financial sector. https://www.bankofengland.co.uk/-/media/boe/files/fintech/ai-public-private-forum-final-report.pdf Negligent and mercenary use of AI...

Managing AI risks

Big data and data analytics is booming. The volume and variety of data are growing exponentially, making data hard to process using conventional database management tools. Artificial Intelligence (AI) is here to help. It is using the power of data to transform across a range of critical business functions such as marketing, pricing, credit...

Risk Assessment in Practice

Given that risk is integral to the pursuit of value, strategic-minded enterprises manage risk exposures so that, at any given time, they incur just enough of the right kinds of risk —  according to Risk Appetite Statement (RAS) — to effectively pursue strategic goals. The Risk Assessment Criteria Impact Impact refers to the extent to which a...

Data Science – roles you need to know

The discussion about the roles in data science is hot: data is a new oil and companies’ increased focus on acquiring best talent is increasing with the creation of a whole new set of data science roles and titles. To succeed, business owners should be familiar with the terminology, be precise in job offers, manage roles and responsibilities to ensure data deliver value.