Surveillance is high on the agenda for most financial services’ compliance teams. Despite extensive work done in this space, many firms still find their surveillance processes insufficient compared to the...
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Chapter 1: Artificial Intelligence & Surveillance Surveillance is high on the agenda for most financial services’ compliance teams. Despite extensive work done in this space, many firms still find their...
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For many years now, public and regulatory interest in misconduct by individuals within financial services firms has been high and shows no signs of abating in the current climate.
Under MAR and MiFID II, firms are required to detect and report unlawful behaviour in a timely manner by putting preventative measures and solutions in place. To achieve compliance, first and second line surveillance functions need to be created that provide more holistic, forward-facing surveillance solutions.
Artificial Intelligence (AI) has been popularised in fiction for decades, but it wasn’t until the mid-1950’s that the concept of Machine Learning (ML) was introduced to develop efficient AI algorithms.