Article discusses how distributed ledger technology (DLT) is expected to accelerate its transformation of the financial services industry but legal and regulatory frameworks for financial services have taken time to adapt. The author argues that it is essential that legal systems grappling with digital assets are mindful of the risks and pitfalls of inconsistency with other legal systems and a consistent application of governing law should be considered.

The article points out that management accountants and other financial professionals can minimize artificial intelligence (AI) discrimination by contributing to responsible AI practices and risk mitigation. Topics covered include the role of data in AI, examples of apparent biased automated decision-making system and the ethical challenges concerning biases in automated decision making. It also cites how to promote responsible AI practices and the importance of data governance and curation.

The article discusses that the market growth of artificial intelligence (AI) is driven by developments in cloud computing, as firms can take advantage of the low initial costs and scalability of cloud infrastructure. Also looks at the pros and cons of putting AI and ML applications in the cloud.

Article discusses that the insurance market Lloyd's of London's joint venture with DXC Technology is modernising the organisation by digitising its largely paper-based analogue processes through cloud computing and the transformation of business applications.