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UK Looking to Use #NLProc to Enforce Financial Compliance

UK Looking to Use #NLProc to Enforce Financial Compliance | Language Tech Market News | Scoop.it

The Financial Conduct Authority, an independent U.K. financial regulatory body, is looking into the possible use of artificial intelligence (AI) and machine-learning tools to enforce regulatory compliance. THey are particularly looking into the practical use of machine-learning to make better use of speech-to-text software, social media and media analytics.

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LT in Hottest Areas in Artificial Intelligence

LT in Hottest Areas in Artificial Intelligence | Language Tech Market News | Scoop.it

Hottest AI technologies:

1. Natural Language Generation: Producing text from computer data. Currently used in customer service, report generation, and summarizing business intelligence insights. Sample vendors: Attivio, Automated Insights, Cambridge Semantics, Digital Reasoning, Lucidworks, Narrative Science, SAS, Yseop.

2. Speech Recognition: Transcribe and transform human speech into format useful for computer applications. Currently used in interactive voice response systems and mobile applications. Sample vendors: NICE, Nuance Communications, OpenText, Verint Systems.

3. Virtual Agents: “The current darling of the media,” says Forrester (like Amazon Alexa), from simple chatbots to advanced systems that can network with humans. Currently used in customer service and support and as a smart home manager. Sample vendors: Amazon, Apple, Artificial Solutions, Assist AI, Creative Virtual, Google, IBM, IPsoft, Microsoft, Satisfi.

LT-Innovate's insight:

They found one EU company (in bold)!

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