Fircosoft - Rise of the robots
In a world of localized conflicts, where complete countries are under control of non-state players, sanctions and embargo programs expand in both complexity and velocity to a point where they require armies of compliance staff to keep up. For Financial Institutions, the cost of complying with regulations is becoming so high that some take extreme actions like cutting complete business lines due to the lack of resources. Handling the huge volumes of alerts that filters spit out, keeping the costs at an acceptable level while making sure every single alert is examined are the variables of an equation that is impossible to solve…unless – like for trading before - algorithms kick in and supplement human resources. Tomorrow, more decisions than ever will be taken by robots, and this is actually a good thing.