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Capital markets firms shifting to AI to meet compliance requirements

( December 3, 2024, 13:26 GMT | Official Statement) -- MLex Summary: There is a sharp increase in capital markets sector companies identifying artificial intelligence technologies as primary drivers of their compliance efforts, according to Nasdaq’s ninth Annual Global Compliance Survey. 35 percent of respondents now see AI as the biggest driver of change, compared to 9 percent for the previous year and zero the year before. The increase is partly attributed to companies becoming more comfortable with existing regulatory frameworks and ready to turn to technology. Three-quarters said compliance has a significant influence on business decisions. Respondents were from companies in the capital markets system and regulators from around the world.Statement follows, report attached:...

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