Case Fiva (RPA) - Support the Financial supervisory Authority

Responsible organisation: The Financial Supervisory Authority (Governmental)

The Financial Supervisory Authority is an example of a government agency that uses artificial intelligence. The Financial Supervisory Authority is a financial and insurance supervisory agency, which does not always have adequate resources for its tasks. Robotics and artificial intelligence have eased the situation and their use has also led to a sharp fall in the number of human errors. The Financial Supervisory Authority supervises the operations of banks, insurance and pension insurance companies, other actors in the insurance sector, investment firms, fund management companies and the Helsinki Stock Exchange. The supervised entities provide 95% of the funding for the operations and the remaining five per cent comes from the Bank of Finland.

Additional information

Source AI Watch - Artificial Intelligence in public services. Overview of the use and impact of AI in public services in the EU
Web site https://julkaisut.valtioneuvosto.fi/bitstream/handle/10024/161688/41_19_Leading%20the%20way%20into%20the%20age%20of%20artificial%20intelligence.pdf?sequence=4
Start/end date 2021/01/01 -
Still active? Unknown

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