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http://dx.doi.org/10.15207/JKCS.2017.8.10.067

Measures to minimize the side effects of the increased use of Artificial Intelligence Robo-Advisor  

Kim, Dong Ju (Dept. of Information Security, Graduate School of Information Security, Korea University)
Kwon, Hun Yeong (Graduate School of Information Security, Korea University)
Lim, Jong In (Graduate School of Information Security, Korea University)
Publication Information
Journal of the Korea Convergence Society / v.8, no.10, 2017 , pp. 67-73 More about this Journal
Abstract
In this study, we mainly inquired into structural reforms of the current legal system that could minimize the side effects and protect financial customers as the use of AI robo-advisor were increasing. First, regarding a specific reform, it is necessary to introduce and establish a rapid detection system for unusual transactions by the Robo-advisor management company, the strict liability of the management company, the management company's mandatory obligation to obtain indemnity insurance, and limited criminal penalties. Furthermore, it is necessary to establish a comprehensive basic law regarding AI. In this basic law, the promotion of the development of AI technology and the minimization of side effects should be dealt with in harmony with each other. Like the approach of this study, we hope that similarly detailed and practical discussions will be made on the AI era from various perspectives in the future.
Keywords
Artificial intelligence; Robo-advisor; Rapid detection system; Strict liability; Liability insurance;
Citations & Related Records
Times Cited By KSCI : 1  (Citation Analysis)
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