• Title/Summary/Keyword: Legal Tech

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A Case Study of Big Data Quality in a Legal Tech Service (빅데이터 품질 사례연구 : 법률 서비스 품질 체계)

  • Park, Jooseok;Kim, Seunghyun;Ryu, Hocheol
    • The Journal of Bigdata
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    • v.3 no.1
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    • pp.33-40
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    • 2018
  • With the advent of the fourth industrial revolution, each industry has been innovated with new concepts. New concept of each industry takes advantage of new information technologies based on big data infra. Thus quality control of big data is becoming more important. In this paper, we try to develop a framework of big data service quality through a case study. A 'Legal Tech' service was selected for the case study. Especially a big data quality framework was developed for a living law service in the Ministry of Justice.

A Study on the FinTech : The consideration of the Security (핀테크의 보안 고려사항에 대한 연구)

  • Lee, Yujin;Chang, Beomhwan;Lee, Youngsook
    • Journal of Korea Society of Digital Industry and Information Management
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    • v.12 no.3
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    • pp.111-123
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    • 2016
  • Recently, mobile devices have been widely used. Therefore, the service users want that are not constrained by time and space. Among them, electronic payment services, mobile finance service is enjoying a tremendous popularity. The FinTech is the result of the fusion of finance and ICT(Information & Communication Technology). Security experts is pointed the FinTech security risk. New technology and Innovative FinTech services are even available, Insecure FinTech services is insignificant. In this paper we were surveyed market and product trends of FinTech and analyzed the threats about FinTech. Also, we analyzed the security considerations for FinTech using a questionnaire. As a result, users considers secure payment process and privacy. Therefore, we proposed security considerations for each vulnerability. So, we must be resolved of security technology and policy issues. If establishing a secure payment process and the unclear legal issue is resolved, FinTech service will provide a secure financial services to the user.

Deep Learning Based Semantic Similarity for Korean Legal Field (딥러닝을 이용한 법률 분야 한국어 의미 유사판단에 관한 연구)

  • Kim, Sung Won;Park, Gwang Ryeol
    • KIPS Transactions on Software and Data Engineering
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    • v.11 no.2
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    • pp.93-100
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    • 2022
  • Keyword-oriented search methods are mainly used as data search methods, but this is not suitable as a search method in the legal field where professional terms are widely used. In response, this paper proposes an effective data search method in the legal field. We describe embedding methods optimized for determining similarities between sentences in the field of natural language processing of legal domains. After embedding legal sentences based on keywords using TF-IDF or semantic embedding using Universal Sentence Encoder, we propose an optimal way to search for data by combining BERT models to check similarities between sentences in the legal field.

Legal Foundation of Silicon Valley: Lessons for Asian Hi-Tech Districts

  • Timberman, Alex
    • Asian Journal of Innovation and Policy
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    • v.3 no.1
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    • pp.1-24
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    • 2014
  • Policy planners in Asia readily covet high technology districts and regional systems of innovation such as Silicon Valley. We examine the law's role, by way of covenants not to compete (競業禁止條項) in the development of Silicon Valley by reviewing the literature from 1999 through 2013. The research suggests that in certain high-tech districts such as Silicon Valley, there are greater gains in the innovation of a region by prohibiting CNCs. While we emphasize CNC law as the main legal determinant to Silicon Valley's success, the application of trade secret law and the inevitable disclosure doctrine are also factors that can aid or restrict the mobility and knowledge spillover of a region. Even with much explored, perspectives are lacking from a regional innovation systems analysis, and more so in the context of Asian nations. To tackle these gaps, three analytical frameworks are presented that entails labor law, law and economics, and law and innovation. And from within the law and innovation framework, research is introduced in the hope that future discussions on Asian regional innovation systems consider the legal foundation of Silicon Valley.

Information and Communication Technologies in the Main Types of Legal Activities

  • Kornev, Arkadiy;Lipen, Sergey;Zenin, Sergey;Tanimov, Oleg;Glazunov, Oleg
    • International Journal of Computer Science & Network Security
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    • v.22 no.11
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    • pp.177-183
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    • 2022
  • Thanks to the informatization of society, complex and high-tech devices are being introduced in all areas of human life, and the latest technologies are being actively improved in the modern, globalizing world. The article deals with the issues of using information and communication technologies in legal activities. It also covers the main types of such activities: law-making, law enforcement, and interpretive activity. Since there is an increase in the flow and accumulation of legal information, it is practically impossible to use traditional methods of working with legal information. The article considers and analyzes the role of information and communication technologies in modern legal activity. It is necessary to reveal the principles, concepts, conditions, and factors of their development and develop theoretical and practical recommendations for the use of such technologies in order to solve legal tasks. The authors of the article raise the issues of increasing the efficiency of legal activity, as well as the integration of information technologies into practical legal activity and their use for collecting, storing, searching, and issuing legal and reference information. Much attention is paid to the specific use of automated data banks and information retrieval systems in legal practice that ensure the accumulation, systematization, and effective search for legally important information. The development of such technologies leads to the creation of comfortable conditions for a lawyer in the course of their professional activity. Currently, legal activity cannot exist without telecommunication technologies, legal reference systems, and electronic programs. The authors believe that due to the use of the latest information technologies, the time for making legal decisions has significantly accelerated, the process of searching and systematizing evidence has been worked out, and it has become possible to quickly and efficiently find information on adopted laws and legal acts.

Navigating the Digital Maze - Pertinent Issues in E?Arbitration

  • Markert, Lars;Burghardt, Jan
    • Journal of Arbitration Studies
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    • v.27 no.3
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    • pp.3-31
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    • 2017
  • Legal tech is commonly considered as the use of software and technology in the process of providing legal services. It is disrupting the method in which legal services are traditionally rendered, and under the buzz word "e-arbitration" also extends to the area of international commercial arbitration. This article aims to give an introduction into the most pertinent issues in "e-arbitration", starting with an attempt at defining the term "e-arbitration" and with an overview of some of the service providers. It goes on to address the use of information technology in international arbitration and concludes with an analysis of key legal issues arising when various aspects of the arbitral process are commenced, conducted or concluded in digital form.

Risk Prediction Model of Legal Contract Based on Korean Machine Reading Comprehension (한국어 기계독해 기반 법률계약서 리스크 예측 모델)

  • Lee, Chi Hoon;Woo, Noh Ji;Jeong, Jae Hoon;Joo, Kyung Sik;Lee, Dong Hee
    • Journal of Information Technology Services
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    • v.20 no.1
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    • pp.131-143
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    • 2021
  • Commercial transactions, one of the pillars of the capitalist economy, are occurring countless times every day, especially small and medium-sized businesses. However, small and medium-sized enterprises are bound to be the legal underdogs in contracts for commercial transactions and do not receive legal support for contracts for fair and legitimate commercial transactions. When subcontracting contracts are concluded among small and medium-sized enterprises, 58.2% of them do not apply standard contracts and sign contracts that have not undergone legal review. In order to support small and medium-sized enterprises' fair and legitimate contracts, small and medium-sized enterprises can be protected from legal threats if they can reduce the risk of signing contracts by analyzing various risks in the contract and analyzing and informing them of toxic clauses and omitted contracts in advance. We propose a risk prediction model for the machine reading-based legal contract to minimize legal damage to small and medium-sized business owners in the legal blind spots. We have established our own set of legal questions and answers based on the legal data disclosed for the purpose of building a model specialized in legal contracts. Quantitative verification was carried out through indicators such as EM and F1 Score by applying pine tuning and hostile learning to pre-learned machine reading models. The highest F1 score was 87.93, with an EM value of 72.41.

Аnalysis of Venture Capital Trends in Russia

  • Chernova, Vera
    • International Journal of Advanced Culture Technology
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    • v.4 no.3
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    • pp.1-5
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    • 2016
  • The article discusses creation and development of venture investment mechanism in Russia. We analyze some tendencies of venture capital funds functioning which should be focused on the financing of development and production of high-tech products, for the period from the creation of the first funds of venture capital investment in 1994 to 2015. The study results may be of interest for business angels and venture capital funds, as well as for public authorities regulating the legal mechanisms to facilitate such investors.

The Impact of FinTech on Transactions in International Trade (핀테크가 국제무역거래에 미치는 영향)

  • Kim, Sung-Kuk;Jhang, Se-Eun;Kim, Byung-Jo
    • Korea Trade Review
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    • v.43 no.2
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    • pp.127-157
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    • 2018
  • This paper investigates how blockchain technology which is an innovation technology of the 4th Industrial Revolution has been settled in international trade. FinTech technology is expected to expand because a new remittance method for replacing the letter of credit has been introduced. In addition, since the purchase of individual customers makes international trade increase rapidly, more convenient FinTech technology will stand in a spotlight. Thus, we confirm that cryptocurrency use will increase in order to maintain stability and reduce risk in international transactions. However, since the legal standing of blockchain technology is now insufficient, the slow spread of FinTech technology will be made for a while.

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The Structural Relationships among Information Security Threat Factors and Information Protection Behavior of the FinTech Services: Focus on Theoretical Perspectives of Technology Threat Avoidance and Health Protective Behaviors (핀테크(FinTech) 서비스의 정보보안 위협요인과 개인정보보호행위와의 구조적 관계에 관한 연구: 기술위협회피와 건강행동이론 관점에서)

  • Bae, Jae Kwon
    • The Journal of Information Systems
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    • v.26 no.3
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    • pp.313-337
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    • 2017
  • Purpose Financial technology, also known as FinTech, is conceptually defined as a new type of financial service which is combined with information technology and other traditional financial services like payments, investments, financing, insurance, asset management and so on. Most of the studies on FinTech services have been conducted from the viewpoint of technical issues or legal and institutional studies, and few studies are conducted from the health belief perspectives and security behavior approaches. In this regard, this study suggest an extended information protection behavior model. Design/Methodology/Approach The Health Belief Model (HBM), the Protection Motivation Theory (PMT), and the Technology Threat Avoidance Theory (TTAT) were employed to identify constructs relevant to information protection behavior of FinTech services. A new extended information protection behavior model in which the influence factors of information protection behavior (i.e., perceived susceptibility, perceived severity, perceived benefits, perceived barriers, perceived self-efficacy, subjective norms) affect perceived threats and perceived responsiveness positively, leading to information protection behavior of FinTech users eventually. This study developed an extended information protection behavior model to explain the protection behavior intention in FinTech users and collected 272 survey responses from the mobile users who had experiences with such mobile payments and FinTech services. Findings The finding of this study suggests that the influence factors of information protection behavior affect perceived threats and perceived responsiveness positively, and information protection behavior of FinTech users as well.