Theta Lake’s Co-Founder and CEO Devin Redmond joins a Global RegTech Summit 2019 panel to discuss why it’s hard for AI to be made accountable for an error, you need a human there to help support judgements made.

AI can have beneficial impact on the financial services market. Typically, when people discuss the nature of AI it normally leads towards how it will call the end of humans in the workplace. The perception is that instead of staffing a human team, there will be a bot. Contrary to this, there was great support from the panel on the coming together of human and AI processes.

“The best usage of ML with a human is actually that combination. You can extract a lot of cognitive insights in a much more scalable way across a lot more datasets and then allow humans to do what they do best, which is apply judgement and reasoning around that and make an action,” says Redmond.

Read the full FinTech Global Article here.

Article

Startups Creating the Future of RegTech and Financial Services

These RegTech startups are finding solutions to meet the regulatory demand operational challenges facing the financial services industry in the near future.

Article

The Risk of Transcription Tech and How AI Can Better Meet Audit Needs

Theta Lake’s Marc Gilman explains that as firms increasingly leverage transcription-based technologies to gain insights into data, they must understand the basic mechanics behind these applications to make informed choices.

Ian Applegate-Olson

Author Ian Applegate-Olson

Ian is the Global Digital Marketing Manager at Theta Lake.

More posts by Ian Applegate-Olson