Goto

Collaborating Authors

Results


The case for placing AI at the heart of digitally robust financial regulation

#artificialintelligence

"Data is the new oil." Originally coined in 2006 by the British mathematician Clive Humby, this phrase is arguably more apt today than it was then, as smartphones rival automobiles for relevance and the technology giants know more about us than we would like to admit. Just as it does for the financial services industry, the hyper-digitization of the economy presents both opportunity and potential peril for financial regulators. On the upside, reams of information are newly within their reach, filled with signals about financial system risks that regulators spend their days trying to understand. The explosion of data sheds light on global money movement, economic trends, customer onboarding decisions, quality of loan underwriting, noncompliance with regulations, financial institutions' efforts to reach the underserved, and much more. Importantly, it also contains the answers to regulators' questions about the risks of new technology itself. Digitization of finance generates novel kinds of hazards and accelerates their development. Problems can flare up between scheduled regulatory examinations and can accumulate imperceptibly beneath the surface of information reflected in traditional reports. Thanks to digitization, regulators today have a chance to gather and analyze much more data and to see much of it in something close to real time. The potential for peril arises from the concern that the regulators' current technology framework lacks the capacity to synthesize the data. The irony is that this flood of information is too much for them to handle.


1 Artificial Intelligence Growth Stock to Buy Right Now

#artificialintelligence

The stock market is currently on the roughest losing streak since the start of the pandemic in 2020. The broad S&P 500 index is down 19% from its all-time high, putting it within a whisker of bear market territory. But the tech-centric Nasdaq-100 index is already there, with a loss of 28.3% since November 2021. While the investment picture might be nerve-wracking for many investors, history suggests down markets always eventually recover, so this might actually be a great time to put some money to work. Here's one fast-growing stock leveraging advanced technology, and it's worth considering because it's trading at an 88.9% discount to its all-time high, despite the company being highly profitable.


Data Engineer

#artificialintelligence

Mynd is a tech-enabled real estate company serving the $85B property management and real estate investment market. In the past few years, consumers have gained access to free stock trades, greater transparency in the mortgage market, and apps that make managing their money more convenient. Yet real estate investment, the most powerful tool for building generational wealth, has largely been the purview of wealthier individuals and professional money managers. Mynd is determined to overhaul that paradigm. At Mynd, we're on a mission to democratize access to happy homes and sustainable investments by making the purchase of single-family residential real estate as effortless as other types of investments.