Mar 19
An interesting ‘use case’ for AI in Financial Services. ‘The US Securities and Exchange Commission (SEC) on Monday said that two investment advisors had agreed to pay hundreds of thousands of dollars in fines over false and misleading claims about their use of artificial intelligence (AI) technology. The firms, Delphia and Global Predictions, agreed to …
May 20
Artificial Intelligence has rapidly gained prominence in the field of financial services. While it offers numerous benefits, it also poses certain risks that must be carefully considered. One of the key benefits of AI in financial services is its ability to process vast amounts of data quickly and accurately. This enables financial institutions to make …
Apr 13
Explain lease accounting Lease accounting refers to the process of accounting for leases, which are contracts between a lessor (the owner of an asset) and a lessee (the user of that asset) that allow the lessee to use the asset for a specified period of time in exchange for regular lease payments. The International Financial …
Dec 23
He’s making a list He’s checking it twice He’s gonna find out who’s naughty or nice Santa Claus is in contravention of article 6 of the General Data Protection Regulation (EU) 2016/679
May 08
The difference between British and our US colleagues is neatly summed up by roundabouts (or traffic circles, if you’re American) and traffic lights. A former British Ambassador to Washington hit the nail on the head when he identified this (although I can’t find him credited with this major cultural discovery on the internet). Americans are direct: if …
Sep 27
Dear Europcar Ich wollen ein automiete. Do you know about the internet? It is a global network of billions of computers that connects people and business around the world and you can use search to find what you want. One of the useful things about the Internet is that you can use it for shopping. …
May 30
Metro Bank, one of the UK challenger banks, has just announced a deal to lend customer deposits through Zopa, one of the UK’s biggest peer-to-peer platforms. This is a significant in a number of reasonss. It is both the first British bank to lend through a peer-to-peer platform, and a major collaboration of challenger bank with …
May 21
As five of the world’s largest banks pay fines totalling $5.7bn (£3.6bn) for manipulating the foreign exchange market it seems a good point to look at some underlying problems in the financial markets. Firstly let’s be clear: I am not looking to exonerate the Banks involved. They have been deservedly punished for their crimes. And …
Apr 29
The Trustee Savings Bank can trace its roots back to the first savings bank founded by Henry Duncan in Ruthwell, Dumfriesshire in 1810. But its recent history has been a roller coaster and banking systems are at the heart of that story. Thirty years ago the Trustee Savings Bank was a up and coming UK bank – …
