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A "digital ethics" officer and other roles tied to adoption of innovative technologies will be required by banks to ensure the integrity of business processes as they adopt regulatory technology, or "regtech," a senior industry official said last week.
Speaking at a regtech conference sponsored by the American Banker in New York, Yvette Hollingsworth Clark, an executive vice president and regulatory innovation officer at Wells Fargo, said: “The skill sets you will need to support this (innovation) are going to change.”
Foremost in the expanded skills set is an understanding of computer programming.
“Someone who understands ethics will need to understand code,” she said. She cited a “digital ethics officer” as an example of the type of role that’s likely to emerge.
The adoption of machine learning and artificial intelligence in the compliance function will undoubtedly affect jobs, participants at the conference agreed.
“There will be job losses,” said Graham Bailey, EVP and deputy BSA officer at Wells Fargo, on a separate panel.
Learn more / En savoir plus / Mehr erfahren:
https://www.scoop.it/t/21st-century-innovative-technologies-and-developments/?&tag=Ethics
A "digital ethics" officer and other roles tied to adoption of innovative technologies will be required by banks to ensure the integrity of business processes as they adopt regulatory technology, or "regtech," a senior industry official said last week.
Speaking at a regtech conference sponsored by the American Banker in New York, Yvette Hollingsworth Clark, an executive vice president and regulatory innovation officer at Wells Fargo, said: “The skill sets you will need to support this (innovation) are going to change.”
Foremost in the expanded skills set is an understanding of computer programming.
“Someone who understands ethics will need to understand code,” she said. She cited a “digital ethics officer” as an example of the type of role that’s likely to emerge.
The adoption of machine learning and artificial intelligence in the compliance function will undoubtedly affect jobs, participants at the conference agreed.
“There will be job losses,” said Graham Bailey, EVP and deputy BSA officer at Wells Fargo, on a separate panel.
Learn more / En savoir plus / Mehr erfahren:
https://www.scoop.it/t/21st-century-innovative-technologies-and-developments/?&tag=Ethics