Artificial Intelligence Uk Finance-Books Pdf

ARTIFICIAL INTELLIGENCE UK Finance
29 Sep 2020 | 3 views | 0 downloads | 28 Pages | 1.36 MB

Share Pdf : Artificial Intelligence Uk Finance

Download and Preview : Artificial Intelligence Uk Finance

Report CopyRight/DMCA Form For : Artificial Intelligence Uk Finance



Transcription

2 Artificial Intelligence in Financial Services UK Finance. UK Finance Artificial Intelligence in Financial Services 3. FOREWORD 4, INTRODUCTION 5, WHAT IS AI 6, AI in the financial services industry 7. PART ONE 8, Building an AI capable organisation 8, AI maturity 8. Owning AI 10, Ethical AI governance and oversight approach options 13. Considerations 14, PART TWO 15, How to implement and scale AI 15. Is AI the right solution to the problem 16, Analysing the business use case 16.
Customer experience can be transformed 17, New business models 18. Cyber security and financial crime 18, First steps into AI 19. Advancing to high value use cases 20, How to scale AI and demonstrate value 21. Measuring RoI and business value 22, Conclusion 23. 4 Artificial Intelligence in Financial Services UK Finance. Very few technologies have As a business enabler the responsibility for AI cannot. simply be left to the technology functions of an, captured the popular imagination organisation Creativity compassion and broad ethical.
like Artificial Intelligence AI It has judgement are critical attributes to harnessing responsible. and useful applications for AI and broad governance is. become a key feature in science therefore needed Firms will need to think horizontally. fiction movies and news stories across business functions from product development risk. and audit to finance and technology They should also. about technology consider their governance models and assess how well. this maps to a new way of working and look at how they. But beyond the hype organisations are looking at how it manage their skills and capabilities both currently and into. can transform their businesses drive efficiencies and help the future. them to serve customers better, In an evolving field we don t claim to have the final. AI has become a focus for consumers institutions and answer This paper aims to introduce readers to a number. regulators globally In the UK the Office for AI and of considerations that they and their institutions may. the AI Council have been established In Europe the need to ask themselves as they look at how to benefit. European Commission has developed Ethics guidelines for from AI How each institution identifies the use cases for. trustworthy AI As new capabilities and models emerge AI and seeks to implement the data strategies cultural. it is important for institutions to understand how they and governance arrangements to take advantage of it. can take advantage of each new development However will be firm specific It is clear that AI will be a key feature. while the pressure to stay ahead has never been greater it in how firms operate and deliver services We hope this. is critical that this is done in a responsible way Consumers paper provides a useful set of practical tools to begin to. are increasingly mindful of the security of their data and understand how firms can begin to take advantage of. how it is being used and institutions are aware that new what AI offers. capabilities can also create new potential liabilities. It is worth recognising that financial services have been. at the forefront of using algorithms and data for some. time There have been long established frameworks and. governance in place to manage this within firms and. organisations know they have a responsibility to comply. with laws and regulations including GDPR, The pace of development and capability is accelerating Stephen Jones Craig Wellman. and as in other sectors this technology is enabling CEO Director Financial Services. financial institutions to deliver better and more resilient UK Finance Microsoft. services to their customers This transformation can. drive efficiencies in back office functions such as cyber. security risk modelling and call centres It can also help. deliver more intelligent offerings to customers from. helping them to protect their money against attempts at. unauthorised access to providing new ways for them to. UK Finance Artificial Intelligence in Financial Services 5. INTRODUCTION, Artificial Intelligence AI is the Firms can often fall into two pitfalls with AI The first one. is to look at AI simply as a tool and not consider the. software at the centre of the wider cultural and organisational changes necessary to. Fourth Industrial Revolution become a mature AI business Part One of the paper will. look at how as organisations start to embed AI into core. Today AI is already a part of our systems they need to consider the implications of AI that. daily lives as we engage with go beyond the technical including the wider impact on. culture behaviour and governance In this paper we will. these systems through various also provide a framework for responsible AI and detail. applications including search what this could mean in practice given AI is not just about. recommenders and even customer the technology but the business social and economic. implications, The second pitfall is to struggle to know how to. The World Economic Forum cites that when compared implement AI or to scale AI from innovation centres to. with previous industrial revolutions the Fourth is evolving enterprise wide solutions Part Two of this paper will. at an exponential rather than a linear pace Moreover help organisations identify where AI is the right solution. it is disrupting almost every industry in every country and how to identify the high value use cases looking. And the breadth and depth of these changes herald more deeply at analysing the business case AI maturity. the transformation of entire systems of production in market means that capabilities need to be considered. management and governance1 Financial services is very as a core factor in the business case Ensuring the. much an industry at the heart of this revolution fundamentals of an AI environment will directly impact. the business case and accelerate your time to market. We start this paper by exploring what AI is While terms We conclude the paper by exploring how to scale your. such as machine learning deep learning neural networks capabilities to ensure you drive high value and low risk. and random forests technologies all components of outcomes by looking at how you measure ROI and. AI are likely to be familiar across organisations we are business impact. focused on the practical exploration of what it means. for your organisation These technologies could augment AI has the potential to revolutionise our society transform. an organisation s capabilities in compelling new ways every aspect of business and improve economic output. developing solutions that see hear speak and understand PWC estimates that AI could boost UK GDP by up to. customer needs ten per cent by 20302 While AI offers huge potential if. organisations can mitigate the two pitfalls mentioned. Financial services organisations have a long history above organisations will need to remember that the. of working with data pioneering the use of analytics implementation of AI must exist in a wider societal. to derive insights for creating better more profitable context that also considers safety reliability and fairness. business models and meeting customer needs But as we privacy and employment and skills. look ahead the most impactful data driven solutions will. go well beyond analytics and will include AI systems The. paper will bring this alive through examples of AI in market. today and share how a firm can assess AI maturity across. the broad categories of Cultural Ethical and Ownership. 1 https www weforum org agenda 2016 01 the fourth industrial revolution what it means and how to respond. 2 https www pwc co uk economic services assets ai uk report v2 pdf. 6 Artificial Intelligence in Financial Services UK Finance. WHAT IS AI, Today one of the most important A surge in accessibility to computing power due to.
the rise of cloud computing in conjunction with the. emerging technologies is increasing amounts of data being created has lowered. artificial intelligence AI AI is a the barriers to entry for both building and using AI. technologies This in turn has allowed organisations large. set of technologies that enable and small to experiment with AI systems. computers to perceive learn, reason and assist in decision. making to solve problems in ways You can see AI as a tool or as a threat We. that mimic human thinking use AI to enable our traders to do their. jobs better as opposed to looking at things, AI systems are already being used in daily life to. answer questions translate languages optimise power that will replace traders We focus on how. consumption operate factories write news stories, colour grade photos drive vehicles and diagnose medical. we enhance the employee experience and, issues AI technologies much like automation that has make it as efficient as possible Head of. come before allows us to scale our capabilities through. machines in an increasingly data rich world Strategy Top Tier European Bank. By itself automation is not new Over the last forty years. the automation of much of the traditional production. line has helped productivity in manufacturing increase by. 230 per cent3 In the past however automation has largely. been confined to highly controlled environments such as. a factory floor or to routine administrative tasks that are. easy to describe as an algorithm What makes the current. wave of AI different is its increasing ability to detect. patterns from unstructured data and recognise far more. nuanced patterns allowing it to operate in a far wider. range of environments, 3 Author calculation from ONS data.
UK Finance Artificial Intelligence in Financial Services 7. AUGMENTED INTELLIGENCE, AI systems work well when you have lots of data the biases However we have common sense reasoning. task is well defined and repetitive and the system is counterfactual reasoning creativity and we re good. in a closed environment without a lot of unknowns at adapting to new settings and combining our. However when you move beyond this and either knowledge from different domains. try to adapt a system to a new domain or try to use. it in the open world these algorithms face a lot of The combination of humans and machines will be. challenges more effective efficient and reliable than either is. on their own Ece Kamar Senior Researcher at the, People don t do very much statistical reasoning we Adaptive Systems and Interaction Group Microsoft. may not be very consistent all the time and we have. AI in the financial services One of the most important types of AI is machine. learning ML algorithmic systems that can recognise. industry patterns and learn without being explicitly programmed. ML has become one of the key AI technologies used by. Within financial services there have been many the financial services industry due to its ability to leverage. innovations that have changed traditional banking over existing algorithms to improve ever growing amounts of. time reimagining the way the industry operates as well as data thereby creating new capabilities. the nature of jobs, AI will become more and more crucial as the data that. The financial services industry has a history of using we create continues to grow This will lead to a situation. quantitative methods and algorithms to support decision where processes that previously did not require AI e g. making These are a foundation of AI systems and the fraud detection will no longer be able to succeed. industry is therefore primed for AI adoption positioning without AI. it at the forefront of adopting and benefiting from AI. technologies, AI can build on human intelligence by recognising patterns. and anomalies in large amounts of data which is key in. applications such as anomaly detection e g fraudulent. transactions AI can also scale and automate repetitive. tasks in a more predictable way including complex, calculations for example for determining risk.
8 Artificial Intelligence in Financial Services UK Finance. Avoiding the first pitfall AI is not just in the domain of technology or. just the business, Building an AI capable AI maturity. organisation Underpinning each stage are core concepts associated. with areas of focus that contribute directly to AI maturity. Many organisations across financial services are on a. across the broad change categories of Culture Ethics and. journey to building their AI capabilities One way to assess. Ownership Organisations should consider where they sit. your organisation s AI maturity is to consider it as a four. on this journey and how they can implement change to. step process as seen below Organisations should consider. progress further, their maturity as a way of avoiding the first pitfall that. of looking at AI simply as a technology tool and use a. model to plan how they move through the stages, AI maturity model. Aspirational Emerging data science, and operational. Experimented and capability, Approaching applied AI.
understands, high digitalisation model lifecycle, Hopeful on AI and its promise desires new business models and management. Foundational digitalisation is under way achieved a data culture building a. looking to increase or optimise foundational data, Questioning what AI is and processes architecture. how to appy it cautious about disruption, wrong expectations or disappointment. low digitalisation, basic analytical capabilities, . 4 Artificial Intelligence in Financial Services UK Finance FOREWORD Very few technologies have captured the popular imagination like Artificial Intelligence AI It has become a key feature in science fiction movies and news stories about technology But beyond the hype organisations are looking at how it can transform their businesses drive efficiencies and help them to serve customers

Related Books

IS ISO 14708 1 2000 Implants for Surgery Active

IS ISO 14708 1 2000 Implants for Surgery Active

Hkkx 1 fuekZrkvksa kjk miyC k djkbZ tkus okyh lqj kk fpUgkadu oa lwpuk dh lkekU vis kk Indian Standard IMPLANTS FOR SURGERY ACTIVE IMPLANTABLE MEDICAL DEVICES PART 1 GENERAL REQUIREMENTS FOR SAFETY MARKING AND FOR INFORMATION TO BE PROVIDED BY THE MANUFACTURER ICS 11 040 40 IS ISO 14708 1 2000 May 2013 Price Group 12

STATE OF FLORIDA flgov com

STATE OF FLORIDA flgov com

STATE OF FLORIDA OFFICE OF THE GOVERNOR EXECUTIVE ORDER NUMBER 18 123 WHEREAS Susan Ince Haynie Haynie is presently serving as Mayor for the City of Boca Raton Florida and WHEREAS on April 18 2018 Haynie was charged by Information with three counts of Official Misconduct each a third degree felony in violation of section 838 022 Florida Statutes and Perjury in an Official

Food Polysaccharides and Their Applications

Food Polysaccharides and Their Applications

FOOD SCIENCE AND TECHNOLOGY Editorial Advisory Board Gustavo V Barbosa C novas Washington State University Pullman P Michael DavidsonUniversity of Tennessee Knoxville Mark DreherMcNeil Nutritionals New Brunswick NJ Richard W Hartel University of Wisconsin Madison Lekh R JunejaTaiyo Kagaku Company Japan Marcus KarelMassachusetts Institute of Technology

FLORIDA BAR APPELLATE PRACTICE SECTION ANNUAL MEETING

FLORIDA BAR APPELLATE PRACTICE SECTION ANNUAL MEETING

Boca Raton Resort amp Club 501 E Camino Real Boca Raton FL 33432 Committee Meetings 8 30 a m to 10 00 a m Royal Palm Ballroom V VI Open to all Section members and those interested in joining the Section Executive Council Meeting 10 15 a m to 12 15 p m Grand Ballroom A Call In Number for Executive Council Meeting 888 376 5050 Participant Pin 4218521630 Open to all Section

Flotilla 36 Volume XXXII Issue 7 Boca Raton Florida 7

Flotilla 36 Volume XXXII Issue 7 Boca Raton Florida 7

The Log Publication USCGAUX Flotilla 36 Boca Raton Florida 4 Comments by Admiral Thad Allen Commandant USCG on the 69th anniversary of the auxiliary from CHDIRAUX sic 1 JUNE 23 2008 IS A SIGNIFICANT DATE FOR TEAM COAST GUARD IT WILL MARK OUR AUXILIARYS SIXTY NINTH YEAR OF DEDICATED SERVICE TO THE NATION 2 WE TAKE GREAT

Boca Raton Resort amp Club June 26 29

Boca Raton Resort amp Club June 26 29

GrayRobinson P A Greenberg Traurig Greenspoon Marder Law Grossman Roth Yaffa Cohen Gunster Haliczer Pettis amp Schwamm P A Harllee amp Bald P A Hickey Law Firm P A Hill Ward Henderson Wayne Hogan of Terrell Hogan Hogan Lovells US LLP Holland amp Knight International Law Section Johnson Pope Bokor Ruppel amp Burns LLP Jones Foster Kenny

ARCHITECTURAL DESIGN GUIDELINES

ARCHITECTURAL DESIGN GUIDELINES

FLORIDA ATLANTIC UNIVERSITY BOCA RATON CAMPUS MASTER PLAN FAU BOCA RATON CAMPUS MASTER PLAN GOALS OBJECTIVES amp POLICIES ADOPTED NOVEMBER 18 2009 ELEMENT 15 ARCHITECTURAL DESIGN GUIDELINES PAGE 15 2 another especially on the Boca Raton Campus vertically define courtyard spaces and make better opportunities for interaction between students

RAWTHERAPEE

RAWTHERAPEE

RAWTHERAPEE Handleiding Dit document is het laatst bewerkt op 4 september 2009 door Ger Siemerink en Paul Matthijsse en mag vrij verspreid worden Handleiding RawTherapee 2 4 1 34 Laatste wijziging 04 09 2009

Miro tus calles y solo veo basura Belgrano C

Miro tus calles y solo veo basura Belgrano C

rar esta terrible y rebelde enfer medad a todos los tratamientos pero que con Auriculoterapia desde hace much simos a os s logro la curaci n esperada La raz n de lograr la cura ci n es debido a su acci n re flex gena que act a a distancia sobre los centros nerviosos que la generan Solo el conocimiento pro fundo de esta ciencia milenaria china me permite encontrar los

Isolation and characterization of Korean porcine

Isolation and characterization of Korean porcine

analysis of PDCoV more advanced PDCoV research is required for virus characterization in vitro and in vivo and to develop effective vaccines for PDCoV prevention To accomplish these goals obtaining a Korean PDCoV isolate that can grow efficiently in cell culture is essential There have been no reports on the cultivation of a Korean PDCoV

EN User and maintenance manual Whirlpool New Zealand

EN User and maintenance manual Whirlpool New Zealand

This manual and the appliance itself provide important safety warnings to be read and observed at all times All safety warnings give specific detail s of the potential risk present and indicate how to reduce risk of injury damage and electric shock resulting from improper use of the appliance Carefully observe the following instructions Use protective gloves to perform all unpacking and