Compliance
Compliance (regulatory compliance) means conforming to comply with relevant laws and regulations. Together with KYC Spider in Zug Eurospider has in-depth compliance know-how.
Precision is the ratio of true positives to positives: how many hits are correct? Yield is the ratio of true positives to the total number of true positives and false negatives: how many hits that should have been found were actually found. This two-dimensional perspective does not allow for any clear-cut estimation.
Game theory is a toolbox offering various analytical instruments that can be applied across a range of areas, for example in economics and law. In the simplest model, the “players” are a potential bank customer and a compliance officer. The game – onboarding, for example – is subject to particular rules. In the best-case scenario, the customer will be accepted and the compliance officer will not have any problems with them. In the worst-case scenario, the potential bank customer will be turned down, but the compliance officer will still experience problems.
Machine learning is widely used in computer science and other fields such as compliance. Developing successful machine learning applications, however, requires a substantial amount of "black art" that is difficult to find in textbooks. Here come the 12 key lessons that machine learning researches have learned.
It’s a familiar scenario. You need to print something in a hurry, but the printer isn’t working – and neither is the ticket machine. And the train is has come to a halt somewhere along the tracks, probably due to a software bug. Unfortunately, we still haven’t found a way to get rid of these critters once and for all. In 1977, Caspers Jones estimated that for every 1,000 lines of code, one can expect a specific number of bugs that cause incorrect results or unexpected behaviors in computer programs. So from a compliance point of view, bugs are always to be expected. What does this mean?
White and black lists, also called positive and negative lists, are used for binary categorizations. Examples are spam filters against unwanted e-mails, but also proscription lists in the Roman Empire with the names of unpopular political opponents to be murdered. More recent are the lists published by the American President George Bush after the terrorist attacks on September 11, 2001. White and black lists can be combined in different ways: All positives but without negatives and all negatives but without the positives. In compliance, whitelisting is often used when periodically checking a customer base.
Complete Revision of the Federal Data Protection Act
Complete Revision of the Federal Data Protection Act: „As of 15th September 2017, draft and report for a completely revised Federal Data Protection Act is public. In a first step parliament and the people agreed to adaptations in order to be compliant with EU law. The second part of the revision is debated by the parliament since September 2019. Data Protection is to be increased by giving people more control over their private data as well as reinforcing transparency regarding the handling of confidential data.”
Links: datenrecht.ch
