Technology in financial services: Posing new risks while also promising to mitigate them
In addition to expanding efforts around more easily envisioned collaborations, it is also important to explore the potential of more ambitious inventive mitigation applications. Imagine, for example, that ecosystem actors develop a multilateral financial market alert system: Big Techs and regulators collaborate on an advanced false-information detection system with a shared live feed, which is then leveraged for the identification of "red flag events" and broader market warnings. Deep learning techniques could be the foundation of such a system, as they are robust and well-equipped to deal with complex interaction patterns between social networks and financial markets.
Oct-31-2021, 02:50:41 GMT