Опубликована: Янв. 1, 2024
Язык: Английский
GSC Advanced Research and Reviews, Год журнала: 2024, Номер 19(2), С. 130 - 142
Опубликована: Май 12, 2024
Artificial Intelligence (AI) is revolutionizing the financial services industry, offering unparalleled opportunities for efficiency, innovation, and personalized services. However, along with its benefits, AI in raises significant legal ethical concerns. This paper explores accountability considerations surrounding use of services, aiming to provide insights into how these challenges can be addressed. The revolves around allocation responsibility AI-related decisions actions. As systems become more autonomous, questions arise about who should held liable errors, misconduct, or regulatory violations. examines existing frameworks, such as data protection laws, consumer regulations, liability assesses their adequacy addressing issues. Ethical implementation are paramount, impact individuals' well-being access Issues algorithmic bias, transparency, fairness critical ensuring practices. discusses importance guidelines frameworks development deployment emphasizing need accountability, fairness. also role bodies industry standards associated It proposes recommendations policymakers, regulators, stakeholders promote responsible practices, including clear guidelines, enhanced transparency measures, mechanisms accountability. Overall, this highlights complex interplay between AI, industry. By challenges, harness full potential while that it deployed a manner, benefiting both businesses consumers.
Язык: Английский
Процитировано
41
GSC Advanced Research and Reviews, Год журнала: 2024, Номер 19(2), С. 116 - 129
Опубликована: Май 12, 2024
Decentralized Finance (DeFi) has emerged as a disruptive force in the financial industry, offering innovative solutions such smart contracts, decentralized exchanges, and lending protocols. However, regulatory landscape for DeFi remains uncertain fragmented, posing challenges opportunities its development adoption. This abstract provides an overview of frameworks DeFi, highlighting key opportunities. The is complex varies significantly across jurisdictions. While some countries have embraced blockchain technology, others adopted cautious approach, citing concerns money laundering, consumer protection, stability. lack harmonized framework created uncertainty projects users, hindering mainstream One facing clarity regarding compliance. often operate borderless manner, making it difficult to determine which regulations apply. ambiguity led scrutiny enforcement actions cases, need clear comprehensive guidelines. Despite these challenges, there are also significant thrive within regulated framework. Regulatory can provide legitimacy credibility attracting institutional investors users. Moreover, help protect consumers ensure integrity protocols, fostering trust confidence ecosystem. To address leverage opportunities, stakeholders ecosystem, including regulators, policymakers, developers, must collaborate develop balanced should prioritize innovation while addressing related security, privacy, By working together, industry navigate unlock full potential finance global inclusion economic empowerment.
Язык: Английский
Процитировано
36
Magna Scientia Advanced Research and Reviews, Год журнала: 2024, Номер 11(1), С. 068 - 083
Опубликована: Май 12, 2024
The rise of cryptocurrencies has presented new challenges for regulators around the world, particularly in terms enforcement across international borders. This abstract explores jurisdictional faced by authorities enforcing cryptocurrency laws and proposes collaborative solutions to address these challenges. Cryptocurrencies operate on a decentralized network, making them difficult regulate within traditional legal frameworks. Jurisdictional issues arise when transaction involves parties different countries, as it is often unclear which jurisdiction's apply. ambiguity can lead regulatory gaps challenges, allowing illicit activities such money laundering terrorism financing flourish. To are needed. International cooperation between regulators, law agencies, industry stakeholders essential ensure effective laws. take various forms, including information sharing, joint investigations, development common standards. One example successful collaboration Financial Action Task Force (FATF), an intergovernmental organization that sets standards combating financing. FATF's guidance virtual assets asset service providers helped clarify expectations promote consistency efforts jurisdictions. Another Joint Chiefs Global Tax Enforcement (J5), coalition tax from five countries work together combat evasion. J5's focus cryptocurrency-related crimes highlights importance cross-border tackling activities. In conclusion, while remain significant hurdle laws, offer path forward. By working together, benefits realized mitigating their risks.
Язык: Английский
Процитировано
33
International Journal of Science and Research Archive, Год журнала: 2024, Номер 12(1), С. 533 - 548
Опубликована: Май 14, 2024
Cybersecurity is a critical concern for financial institutions worldwide, given the increasing frequency and sophistication of cyberattacks. This paper conducts comparative analysis global standards regulations governing cybersecurity compliance in institutions. By examining regulatory frameworks key jurisdictions, including United States, European Union, Asia-Pacific countries, this study aims to identify common trends, differences, best practices compliance. The begins by outlining landscape institutions, highlighting objectives principles underlying these regulations. It then compares different regions, focusing on areas such as data protection, incident response, risk management. specific requirements guidelines set forth each jurisdiction, identifies strengths weaknesses current offers recommendations enhancing resilience. One findings convergence standards, driven interconnected nature sector need harmonized approaches. While differences still exist, particularly protection breach notification, there growing recognition international cooperation information sharing combat cyber threats effectively. also highlights challenges faced achieving compliance, resource constraints, evolving threats, complexity requirements. underscores importance implementing robust measures, encryption, multi-factor authentication, regular security audits, mitigate challenges. In conclusion, provides valuable insights into identifying trends practices, assist policymakers, regulators, their posture effectively addressing threat landscape.
Язык: Английский
Процитировано
29
International Journal of Management & Entrepreneurship Research, Год журнала: 2024, Номер 6(6), С. 1768 - 1786
Опубликована: Июнь 5, 2024
The convergence of artificial intelligence (AI) and financial technology (fintech) has revolutionized the way banks institutions communicate with customers. This paper explores use AI-enhanced fintech communication, focusing on utilization chatbots natural language processing (NLP) to provide efficient banking support. AI-powered have become indispensable tools for seeking enhance customer service streamline communication channels. By leveraging NLP algorithms, these can understand respond queries in real-time, providing personalized assistance round-the-clock. integration AI into enables offer seamless support, improving satisfaction loyalty. key effectiveness lies ability interpret input accurately. algorithms enable analyze intent behind queries, allowing them relevant contextually appropriate responses. capability enhances overall experience by reducing response times ensuring that customers receive accurate helpful information. Furthermore, handle a wide range inquiries, from basic account inquiries complex transactions. automating routine tasks free up human agents focus more value-added activities. not only improves operational efficiency but also allows deliver faster responsive service. In addition support customers, help gather valuable insights preferences behavior. analyzing interactions between chatbots, identify trends, anticipate needs, tailor their products services accordingly. data-driven approach targeted offerings, leading increased conclusion, powered NLP, offers significant benefits institutions. technology, improve efficiency, gain As continues advance, future promises even greater personalization, innovation Keywords: Al- Enhanced, Fintech Communication, Leveraging, Chatbots, NLP.
Язык: Английский
Процитировано
28
International Journal of Science and Research Archive, Год журнала: 2024, Номер 12(1), С. 520 - 532
Опубликована: Май 14, 2024
Enhancing consumer protection in cryptocurrency transactions presents a critical challenge due to the decentralized and often opaque nature of market. This abstract explores legal frameworks mechanisms aimed at safeguarding consumers engaging transactions, focusing on key issues, challenges, recommendations for improvement. Consumer is pressing concern prevalence fraud, hacking, market manipulation. The lack regulatory oversight pseudonymous make it challenging seek recourse cases fraud or misconduct. To address these have been developed both national international levels. At level, some countries implemented laws that apply such as requiring exchanges comply with anti-money laundering (AML) know-your-customer (KYC) regulations. However, effectiveness limited by global difficulty enforcing regulations across borders. Internationally, organizations like Financial Action Task Force (FATF) issued guidelines combat money terrorist financing sector. These recommend implement AML KYC measures wallet providers. While are step right direction, implementation remains challenge, particularly capacity political will. enhance several can be considered. include increased collaboration between regulators industry stakeholders, development standards cryptocurrencies, establishment framework balances innovation investor protection. Additionally, education awareness campaigns help individuals informed decisions when transactions. In conclusion, enhancing requires multi-faceted approach addresses gaps, promotes cooperation, empowers through awareness. By implementing recommendations, policymakers stakeholders work together create safer more transparent
Язык: Английский
Процитировано
27
Magna Scientia Advanced Biology and Pharmacy, Год журнала: 2024, Номер 12(1), С. 045 - 059
Опубликована: Май 29, 2024
Public-Private Partnerships (PPPs) have emerged as a crucial mechanism for fostering innovation in the health sector globally. This review encapsulates lessons learned from diverse PPP models worldwide, highlighting their significance and impact. PPPs healthcare entail collaboration between governmental bodies, private enterprises, sometimes non-profit organizations to address challenges, such limited resources, expertise, infrastructure, while leveraging strengths of each sector. The success relies on effective governance structures, clear objectives, mutual accountability. One notable example is United Kingdom's NHS Innovation Accelerator, which partners with industry leaders fast-track adoption innovative technologies within National Health Service (NHS). Through this initiative, pioneering solutions, ranging digital platforms medical devices, been implemented, enhancing patient care operational efficiency. Similarly, low-resource settings like sub-Saharan Africa, played pivotal role improving access essential services. Projects Medicines Malaria Venture (MMV) collaborate pharmaceutical companies, governments, research institutions develop affordable antimalarial drugs tailored region's needs. In realm development, partnerships Coalition Epidemic Preparedness Innovations (CEPI) demonstrated power international addressing global threats. CEPI brings together philanthropic organizations, expedite development vaccines against emerging infectious diseases, witnessed during COVID-19 pandemic. However, challenges persist implementation, including complex regulatory frameworks, funding uncertainties, divergent interests among stakeholders. Lessons successful underscore importance transparent communication, stakeholder engagement, sustained political commitment. conclusion, represent dynamic avenue catalyzing driving transformative change. By drawing insights experiences policymakers practitioners can refine existing frameworks foster sustainable tackle evolving effectively.
Язык: Английский
Процитировано
20
Emergent Materials, Год журнала: 2025, Номер unknown
Опубликована: Фев. 4, 2025
Язык: Английский
Процитировано
3
Frontiers in Environmental Science, Год журнала: 2025, Номер 12
Опубликована: Янв. 22, 2025
Introduction Climate change isone of the major challenges facing world today, causing frequent extreme weather events that significantly impact human production, life, and ecological environment. Traditional climate prediction models largely rely on simulation physical processes. While they have achieved some success, these still face issues such as complexity, high computational cost, insufficient handling multivariable nonlinear relationships. Methods In light this, this paper proposes a hybrid deep learning model based Transformer-Convolutional Neural Network (CNN)-Long Short-Term Memory (LSTM) to improve accuracy predictions. Firstly, Transformer is introduced capture complex patterns in cimate data time series through its powerful sequence modeling capabilities. Secondly, CNN utilized extract local features short-term changes. Lastly, LSTM adept at long-term dependencies, ensuring can remember utilize information over extended spans. Results Discussion Experiments conducted temperature from Guangdong Province China validate performance proposed model. Compared four different decomposition methods, with method performs best. The resuts also show Transformer-CNN-LSTM outperforms other five evaluation metrics, indicating provides more accurate predictions stable fitting results.
Язык: Английский
Процитировано
2
World Journal of Biology Pharmacy and Health Sciences, Год журнала: 2024, Номер 18(2), С. 416 - 433
Опубликована: Май 29, 2024
Promoting health and educational equity is a multifaceted challenge that requires cross-disciplinary strategies collaborative efforts. This review explores various approaches aimed at enhancing public outcomes through integration synergy between education disciplines. Addressing disparities crucial for ensuring equitable opportunities all individuals. highlights the importance of interdisciplinary collaboration sectors in tackling complex issues such as socio-economic inequality, access to quality healthcare, attainment. Key include early childhood interventions focus on nutrition, healthcare access, learning programs support cognitive physical development. Additionally, school-based initiatives, including comprehensive wellness mental services, play vital role promoting student well-being academic success. Furthermore, community engagement partnerships schools, providers, local organizations are essential creating supportive environments foster equity. By working together, stakeholders can address underlying social determinants disparities, poverty, discrimination, inadequate resources. underscores evidence-based practices, data-driven decision-making, policy advocacy drive systemic change improve underserved populations. adopting leveraging collective expertise, we create healthier, more communities where everyone has opportunity thrive.
Язык: Английский
Процитировано
16