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Informative Article | Information Technology | India | Volume 11 Issue 12, December 2022 | Rating: 4.8 / 10
Transforming Regulatory Reporting through the Power of Artificial Intelligence
Abstract: This paper explores avenues in which AI can enhance the regulatory reporting process in the financial industry. It will help to eliminate regulatory requirements such as complex regulations, manual processes, and chances of error for financial institutions. AI technologies, including machine learning algorithms, NLP, and predictive analytics, can be utilized by financial institutions for report automation, which in turn improves accuracy and compliance. The content relies on various AI applications in regulatory reporting, including risk management, fraud prevention, and customer due diligence. AI application also requires attention to the consequences of interfering or being secure for society and regulators, where ethics and regulatory control are the highest priorities. AI will generally transform the regulatory reporting area as it has excellent features like efficiency, accuracy, and transparency for the finance sector.
Keywords: Regulatory reporting, Artificial intelligence, Financial industry, Compliance, Efficiency
Edition: Volume 11 Issue 12, December 2022,
Pages: 1319 - 1322