Federal Financial Agencies Seek Comments on Use of Artificial Intelligence | Sheppard Mullin Richter & Hampton LLP

Synthetic intelligence will stay a spotlight in 2021, as we predicted in the beginning of the yr. From the FTC to the EU to others, regulators of all types ensure that firms use these instruments. No later than 5 US federal businesses are searching for data on how monetary establishments are utilizing AI instruments. Stakeholder … Read more

Agencies seek insight on financial institutions’ use of artificial intelligence | 2021-03-29

5 federal monetary regulators, together with the NCUA and the Shopper Monetary Safety Bureau (CFPB), are gathering insights into using synthetic intelligence (AI) by monetary establishments. The companies are soliciting data from the general public about how monetary establishments use AI of their operations, together with fraud prevention, customer support personalization, credit score insurance coverage, … Read more

Using RPA for claims processing with health agencies

Written by StateScoop Employees February 17, 2021 | STATESCOOP State and native authorities are nonetheless feeling the pressure on state well being providers from the COVID-19 pandemic – particularly with regard to processing purposes. Whereas the Coronavirus Help, Reduction, and Financial Safety Act (CARES Act) created a reserve for state, native, and tribal governments to … Read more

Fact or Fallacy: RPA Can Boost Agencies Quickly and Inexpensively

The general public sector has adopted the automation of robotic processes to deal with excessive quantity repetitive duties that had been beforehand labor-intensive and time-consuming. RPA makes use of software program that emulates human actions to carry out rule-based duties corresponding to coming into knowledge, modifying spreadsheets, scheduling communications, and prefilling responses. Demand for RPA … Read more

Government agencies need RPA to better manage workflows

The difficult circumstances of the previous few months have put stress on CIOs to make sure that their enterprise IT infrastructure is fluid sufficient to implement new enterprise processes, change present ones, and adapt to new workflows and purposes. RPA (Robotic Course of Automation) helps firms be certain that their IT infrastructure is agile sufficient … Read more