Great interest in artificial intelligence in the financial sector
The Danish Financial Supervisory Authority
The Danish Financial Supervisory Authority has uncovered how and to what extent the financial companies use artificial intelligence in their business. The conclusions are that the financial sector is in full swing using AI, including generative AI, and that the development will continue in the coming years.
With artificial intelligence (AI), many activities and business processes can be carried out faster, better or cheaper than before. Therefore, many companies are testing the possibilities of the technology. This also applies to financial companies.
Romania: Searches in EPPO investigation involving public officials of Maramureș County
European Public Prosecutor's Office
(Luxembourg, 25 September 2024) – Today, the European Public Prosecutor’s Office (EPPO) in Cluj-Napoca (Romania), is conducting searches at the premises of the Maramureș County and 14 private residences of some of its officials. The searches are happening in the wake of an ongoing investigation into possible procurement fraud, forgery of documents and abuse of office linked to renovation works of a public administration building.
MAS Establishes International Advisory Panel for Cyber and Technology Resilience
MAS
Singapore, 25 September 2024…The Monetary Authority of Singapore (MAS) announced today the establishment of a Cyber and Technology Resilience Experts (CTREX) Panel. The Panel replaces MAS’ Cyber Security Advisory Panel[1], with an expanded mandate to cover technology resilience which, together with cybersecurity, significantly underpins the operational resilience of the financial sector.