The Korean Commission for Monitoring of Stock Markets is going to introduce a new system with artificial intelligence, which will independently identify fraudsters on various grounds. The system is already at the final stage of testing, and in full-fledged mode it will work in the spring.
After the artificial intellect is given the necessary powers, it will monitor the activity of market participants, pointing to suspicious transactions and on the brokers themselves who placed illegal bids. In addition, AI will be able to predict and recognize new, previously unknown methods of fraud, which will also be reported to people.
"Thanks to our latest development, we will be able to identify fraudsters at an early stage and react quickly to their actions, working in the active market monitoring mode," said the commission's chairman, Li Hyon Sen.
After analyzing all the collected data, the system will independently provide them to the operators, visually demonstrating the seriousness of this or that threat. After that, the commission's staff will be able to independently decide on the necessary measures of impact.
The article is based on materials .
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