Financial Institutions that fall foul of compliance regulations were fined $2.7 billion in 2021 globally, according to Forbes. This included violations of Anti-Money Laundering (AML) rules, Know Your Customer (KYC) checks and operating guidelines. As financial regulation increases to ensure the safety and security of the financial system and to protect consumers, financial institutions must […]

Learn what is artificial intelligence bias and how companies can prevent it. Although AI is undoubtedly revolutionizing the world as a versatile technology implemented in many important sectors, it can only act on the information used to train it. This opens the door for human bias, here’s how can we de-bias AI, says Nigel Cannings, CEO […]

Artificial Intelligence is already playing a huge role across the financial services sector, the medical profession, the world of recruitment and many other important areas. However, current AI only works well if the right information is used to train it. But when humans are the ones collecting that information, it opens the door to bias. So how […]

Legal and technology professionals have welcomed new advice, saying it’s crucial organisations recognise potential bias when using artificial intelligence. The Equality and Human Rights Commission (EHRC) has issued new guidance on how public sector organisations can avoid discrimination when using artificial intelligence (AI).  The guidance, which lays out how the use of algorithms in organisational […]

The opaque nature of many ML models makes securing them difficult. The NCSC wants to help. The UK’s National Cyber Security Centre (NCSC) has published a set of security principles for developers and companies implementing machine learning models. An ML specialist who spoke to Tech Monitor said the principles represent a positive direction of travel but are “vague” when it […]

We have welcomed a number of new faces to the IV family this summer and this has resulted in expediating a number of improvements and new features for our new and existing customer base. In a world where physical face-to-face presentations are being replaced by remote online video conferences, we understand the need to extract […]

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