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The regulator has also recommended that government to issue new category of licence China underwear machine Suppliers for M2M services for companies interested in providing or operating services in this segment only.Symantec has announced that the powerful threat detection technology used by its own research teams to uncover some of the most notable cyber attacks in history are now available to its Advanced Threat Protection (ATP) customers. The Symantec Targeted Attack Analytics (TAA) technology enables ATP customers to leverage advanced machine learning to automate the discovery of targeted attacks – the most dangerous intrusions in corporate networks.Targeted attacks represent one of the most dangerous threats to enterprise security today. Yet they are often hidden from view under a mountain of alerts generated by security systems, giving attackers time to gain access to systems and seize valuable data. TAA removes this distraction by identifying truly targeted activity and prioritising it in the form of a highly reliable incident report for the security team.

AI could, for example, lead to ‘non-sustainable’ increases in credit by automating credit scoring. While AI shows substantial promise if risks are properly managed, it could create too much dependency among banks and insurers on the few specialist businesses that provide AI technology. Expected rapid growth in AI also raises the prospect of outside technology players expanding their influence over the finance sector."This could, in turn, lead to the emergence of new systemically important players that could fall outside the regulatory perimeter," the FSB said.If a major AI provider went bust, it could lead to operational disruptions at a large number of financial firms at the same time, especially if used in "mission critical" applications, the report said. Regulators could also find it difficult to identify who has made key financial decisions that go wrong. "If AI and machine learning-based decisions cause losses to financial intermediaries across the financial system, there may be a lack of clarity around responsibility," the report said.

The pace of technological advance will also make it harder to fashion durable rules for AI activity that some academics expect to revolutionize the financial sector.The report said that RegTech investment, or use of machines to comply with a welter of new regulations introduced to tackle money laundering and make banks safer, could reach $6.45 billion by 2020.Consultancy Accenture said in May that three-quarters of bankers surveyed believed that AI will become the primary way banks interact with customers within the next three years. European insurers invested $400 million in "InsurTech" or real-time technology to help to reduce payouts.Nordea the Nordic region’s biggest bank, said last month that automation would help it to shed at least 4,000 staff. It has already introduced an AI chat box to answer common customer questions. Dutch bank ING wants to increase the number of traders using AI. Fund managers are also using outside specialists to obtain machine-learning tools that sift through news and research for insight into market trends.