{
  "docId": "019dd923-5de0-76bd-a169-3232a0a05dd2",
  "docSlug": "ed72ee2d6510b5ed",
  "documentTitle": "AI/ML use in Risk Management and Compliance PwC Actuarial, Risk & Quants",
  "authorId": "PwC",
  "authorName": "Institute of International Finance",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "strategy_consulting",
  "sourceTypeLabel": "Strategy consulting",
  "presentationDate": null,
  "orientation": "portrait",
  "aspectRatio": 0.771,
  "pageNumber": 2,
  "pageCount": 8,
  "prevPage": 1,
  "nextPage": 3,
  "slideType": "executive_summary",
  "function": "summarize",
  "density": "dense",
  "nDataPoints": 0,
  "notes": "This is a page from a Capco Institute journal article.",
  "elementsJson": [
    "paragraph",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5de0-76bd-a169-3232a0a05dd2/2",
  "deckHref": "/decks/019dd923-5de0-76bd-a169-3232a0a05dd2",
  "deckJsonHref": "/decks/019dd923-5de0-76bd-a169-3232a0a05dd2.json",
  "deckAnchorHref": "/decks/019dd923-5de0-76bd-a169-3232a0a05dd2#slide-2",
  "components": [
    {
      "bbox": {
        "h": 0.18,
        "w": 0.35,
        "x": 0.515,
        "y": 0.743
      },
      "kind": "disclaimer",
      "text": "1 See IIF, “Regtech in financial services... 2 James, G., D. Witten, T. Hastie, and R. Tibshirani, 2013... 3 Large datasets are typically divided... 4 Khandani, E. A. J. Kimz, and A. W. Lox, 2010...",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a40f22b6-7aa1-4605-ba29-cb1e733bb032",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.73,
        "x": 0.133,
        "y": 0.818
      },
      "kind": "paragraph",
      "text": "Machine learning comprises a broad range of analytical tools, which can be categorized into “supervised” and “unsupervised” learning tools...",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ab961fbc-212e-4028-8d9c-599609ac8b89",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.35,
        "x": 0.133,
        "y": 0.233
      },
      "kind": "paragraph",
      "text": "In recent years, machine learning and artificial intelligence have seen increasing interest and popularity in the financial services community...",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "aeb2e54d-ca9c-4c7b-9a56-94f3534ddd6b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.015,
        "w": 0.12,
        "x": 0.133,
        "y": 0.203
      },
      "kind": "title",
      "text": "INTRODUCTION",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8229be08-5205-4dca-8831-fb3d582b1cd9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.015,
        "w": 0.35,
        "x": 0.133,
        "y": 0.077
      },
      "kind": "title",
      "text": "THE CAPCO INSTITUTE JOURNAL OF FINANCIAL TRANSFORMATION",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "dd87b658-98da-4278-a7db-9cd69dbf7800",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.015,
        "w": 0.26,
        "x": 0.133,
        "y": 0.788
      },
      "kind": "title",
      "text": "BACKGROUND TO MACHINE LEARNING",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "efb58eb9-84a5-4484-8bb2-df4c2782a90a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.015,
        "w": 0.35,
        "x": 0.133,
        "y": 0.094
      },
      "kind": "title",
      "text": "Machine Learning: A Revolution in Risk Management and Compliance?",
      "attrs": null,
      "subkind": "subtitle",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "90911b63-f4a5-45f3-af01-2df8ff1aeb44",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Executive summary",
      "slug": "executive-summary",
      "agent": null,
      "layer": "slide",
      "matchId": "cef7119c-2b09-45f9-bb82-c2a25af0095d",
      "evidence": "This slide is titled 'INTRODUCTION' and contains a paragraph describing the content, indicating it is an executive summary.",
      "confidence": 0.9
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 2,
      "from": 1,
      "beatId": "40418293-2881-42ad-8c7b-a3930eba90a5",
      "arcName": "The Sparkline",
      "arcSlug": "sparkline",
      "beatName": "What Is",
      "beatSlug": "sparkline-what-is-1",
      "evidence": "The introduction and executive summary suggest an explanation of the current state.",
      "position": 0,
      "confidence": 0.8,
      "parentBeatName": "Setup",
      "parentBeatSlug": "setup"
    }
  ],
  "loops": [
    {
      "to": 6,
      "from": 2,
      "name": "Golden Circle",
      "slug": "11-golden-circle",
      "bestFor": "Visionary leadership, brand positioning, mission statements",
      "matchId": "9c3ec2cd-b1e2-45a4-bcee-88541722f204",
      "evidence": "The introduction and method descriptions imply a Golden Circle structure.",
      "position": 0,
      "objective": "Why AI/ML is useful in risk management and compliance",
      "structure": "The Why (Belief) -> The How (Process) -> The What (Result)",
      "confidence": 0.7,
      "description": "Invert the typical pitch by starting with why you exist, rather than what you do"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}