{"id":"https://openalex.org/W4390752628","doi":"https://doi.org/10.3390/make6010008","title":"What Do the Regulators Mean? A Taxonomy of Regulatory Principles for the Use of AI in Financial Services","display_name":"What Do the Regulators Mean? A Taxonomy of Regulatory Principles for the Use of AI in Financial Services","publication_year":2024,"publication_date":"2024-01-11","ids":{"openalex":"https://openalex.org/W4390752628","doi":"https://doi.org/10.3390/make6010008"},"language":"en","primary_location":{"is_oa":true,"landing_page_url":"https://doi.org/10.3390/make6010008","pdf_url":"https://www.mdpi.com/2504-4990/6/1/8/pdf?version=1704953258","source":{"id":"https://openalex.org/S4210213891","display_name":"Machine Learning and Knowledge Extraction","issn_l":"2504-4990","issn":["2504-4990"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true},"type":"article","type_crossref":"journal-article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://www.mdpi.com/2504-4990/6/1/8/pdf?version=1704953258","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5103148684","display_name":"Mustafa Pamuk","orcid":"https://orcid.org/0000-0002-4416-9284"},"institutions":[{"id":"https://openalex.org/I74656192","display_name":"University of G\u00f6ttingen","ror":"https://ror.org/01y9bpm73","country_code":"DE","type":"education","lineage":["https://openalex.org/I74656192"]}],"countries":["DE"],"is_corresponding":true,"raw_author_name":"Mustafa Pamuk","raw_affiliation_strings":["Faculty of Business and Economics, University of Goettingen, 37073 Goettingen, Germany"],"affiliations":[{"raw_affiliation_string":"Faculty of Business and Economics, University of Goettingen, 37073 Goettingen, Germany","institution_ids":["https://openalex.org/I74656192"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5018823468","display_name":"Matthias Sch\u00fcmann","orcid":"https://orcid.org/0000-0003-4406-6696"},"institutions":[{"id":"https://openalex.org/I74656192","display_name":"University of G\u00f6ttingen","ror":"https://ror.org/01y9bpm73","country_code":"DE","type":"education","lineage":["https://openalex.org/I74656192"]}],"countries":["DE"],"is_corresponding":false,"raw_author_name":"Matthias Schumann","raw_affiliation_strings":["Faculty of Business and Economics, University of Goettingen, 37073 Goettingen, Germany"],"affiliations":[{"raw_affiliation_string":"Faculty of Business and Economics, University of Goettingen, 37073 Goettingen, Germany","institution_ids":["https://openalex.org/I74656192"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5007010424","display_name":"Robert C. Nickerson","orcid":"https://orcid.org/0009-0006-5255-5448"},"institutions":[{"id":"https://openalex.org/I71838634","display_name":"San Francisco State University","ror":"https://ror.org/05ykr0121","country_code":"US","type":"education","lineage":["https://openalex.org/I71838634"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Robert C. Nickerson","raw_affiliation_strings":["Department of Information Systems, College of Business, San Francisco State University, San Francisco, CA 94132, USA"],"affiliations":[{"raw_affiliation_string":"Department of Information Systems, College of Business, San Francisco State University, San Francisco, CA 94132, USA","institution_ids":["https://openalex.org/I71838634"]}]}],"institution_assertions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5103148684"],"corresponding_institution_ids":["https://openalex.org/I74656192"],"apc_list":{"value":1400,"currency":"CHF","value_usd":1515,"provenance":"doaj"},"apc_paid":{"value":1400,"currency":"CHF","value_usd":1515,"provenance":"doaj"},"fwci":0.0,"has_fulltext":true,"fulltext_origin":"pdf","cited_by_count":1,"citation_normalized_percentile":{"value":0.0,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":86,"max":94},"biblio":{"volume":"6","issue":"1","first_page":"143","last_page":"155"},"is_retracted":false,"is_paratext":false,"primary_topic":{"id":"https://openalex.org/T10270","display_name":"Blockchain and Internet of Things Integration","score":0.9924,"subfield":{"id":"https://openalex.org/subfields/1710","display_name":"Information Systems"},"field":{"id":"https://openalex.org/fields/17","display_name":"Computer Science"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},"topics":[{"id":"https://openalex.org/T10270","display_name":"Blockchain and Internet of Things Integration","score":0.9924,"subfield":{"id":"https://openalex.org/subfields/1710","display_name":"Information Systems"},"field":{"id":"https://openalex.org/fields/17","display_name":"Computer Science"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},{"id":"https://openalex.org/T10883","display_name":"Ethical Implications of Artificial Intelligence","score":0.9922,"subfield":{"id":"https://openalex.org/subfields/3311","display_name":"Safety Research"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11995","display_name":"Dynamics of Crowdfunding and Fintech","score":0.9397,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/regulatory-reform","display_name":"Regulatory reform","score":0.4763784},{"id":"https://openalex.org/keywords/financial-innovation","display_name":"Financial Innovation","score":0.465157}],"concepts":[{"id":"https://openalex.org/C139043278","wikidata":"https://www.wikidata.org/wiki/Q837171","display_name":"Financial services","level":2,"score":0.8269419},{"id":"https://openalex.org/C115901376","wikidata":"https://www.wikidata.org/wiki/Q184199","display_name":"Automation","level":2,"score":0.5388602},{"id":"https://openalex.org/C58642233","wikidata":"https://www.wikidata.org/wiki/Q8269924","display_name":"Taxonomy (biology)","level":2,"score":0.5299194},{"id":"https://openalex.org/C510755694","wikidata":"https://www.wikidata.org/wiki/Q281095","display_name":"Financial regulation","level":2,"score":0.5263366},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.480039},{"id":"https://openalex.org/C2777351259","wikidata":"https://www.wikidata.org/wiki/Q7309700","display_name":"Regulatory reform","level":2,"score":0.4763784},{"id":"https://openalex.org/C2779530757","wikidata":"https://www.wikidata.org/wiki/Q1207505","display_name":"Quality (philosophy)","level":2,"score":0.43953356},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.36065596},{"id":"https://openalex.org/C112930515","wikidata":"https://www.wikidata.org/wiki/Q4389547","display_name":"Risk analysis (engineering)","level":1,"score":0.34730035},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.22912347},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.1786978},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C59822182","wikidata":"https://www.wikidata.org/wiki/Q441","display_name":"Botany","level":1,"score":0.0},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"is_oa":true,"landing_page_url":"https://doi.org/10.3390/make6010008","pdf_url":"https://www.mdpi.com/2504-4990/6/1/8/pdf?version=1704953258","source":{"id":"https://openalex.org/S4210213891","display_name":"Machine Learning and Knowledge Extraction","issn_l":"2504-4990","issn":["2504-4990"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true},{"is_oa":true,"landing_page_url":"https://resolver.sub.uni-goettingen.de/purl?gro-2/140176","pdf_url":"https://publications.goettingen-research-online.de/bitstream/2/140176/1/make-06-00008.pdf","source":{"id":"https://openalex.org/S4306401634","display_name":"GoeScholar The Publication Server of the Georg-August-Universit\u00e4t G\u00f6ttingen (Georg-August-Universit\u00e4t G\u00f6ttingen)","issn_l":null,"issn":null,"is_oa":true,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I4210122495","host_organization_name":"Asklepios Klinik St. Georg","host_organization_lineage":["https://openalex.org/I4210122495"],"host_organization_lineage_names":["Asklepios Klinik St. Georg"],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true}],"best_oa_location":{"is_oa":true,"landing_page_url":"https://doi.org/10.3390/make6010008","pdf_url":"https://www.mdpi.com/2504-4990/6/1/8/pdf?version=1704953258","source":{"id":"https://openalex.org/S4210213891","display_name":"Machine Learning and Knowledge Extraction","issn_l":"2504-4990","issn":["2504-4990"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true},"sustainable_development_goals":[{"score":0.52,"display_name":"Industry, innovation and infrastructure","id":"https://metadata.un.org/sdg/9"}],"grants":[],"datasets":[],"versions":[],"referenced_works_count":15,"referenced_works":["https://openalex.org/W1188413835","https://openalex.org/W1963620879","https://openalex.org/W2085230034","https://openalex.org/W2972993799","https://openalex.org/W3009743688","https://openalex.org/W3092541244","https://openalex.org/W3151685851","https://openalex.org/W3158521348","https://openalex.org/W3180026636","https://openalex.org/W3198755449","https://openalex.org/W4205097927","https://openalex.org/W4205447745","https://openalex.org/W4315697727","https://openalex.org/W4380758004","https://openalex.org/W4382133845"],"related_works":["https://openalex.org/W4248737303","https://openalex.org/W3125618044","https://openalex.org/W3125597471","https://openalex.org/W2810463804","https://openalex.org/W2382158630","https://openalex.org/W2376332323","https://openalex.org/W2375847493","https://openalex.org/W2126499814","https://openalex.org/W2077934514","https://openalex.org/W1893443880"],"abstract_inverted_index":{"The":[0,38],"intended":[1],"automation":[2],"in":[3,28,34,45,51,68],"the":[4,35,63,69,100,117,127],"financial":[5,43,70,110],"industry":[6],"creates":[7],"a":[8,52,76,92,96],"proper":[9],"area":[10],"for":[11,105,119],"artificial":[12],"intelligence":[13],"usage.":[14],"However,":[15],"complex":[16],"and":[17,21,30,58,62,82,109],"high":[18],"regulatory":[19,39,103,107,131],"standards":[20],"rapid":[22],"technological":[23],"developments":[24],"pose":[25],"significant":[26],"challenges":[27],"developing":[29,120],"deploying":[31],"AI-based":[32,66,85,122],"services":[33,67,86,111,123],"finance":[36],"industry.":[37,71],"principles":[40,104],"defined":[41],"by":[42,124],"authorities":[44],"Europe":[46],"need":[47],"to":[48,55,75],"be":[49],"structured":[50],"fine-granular":[53],"way":[54,118],"promote":[56],"understanding":[57,78],"ensure":[59],"customer":[60],"safety":[61],"quality":[64],"of":[65,79,130],"This":[72,89],"will":[73],"lead":[74],"better":[77],"regulators\u2019":[80],"priorities":[81],"guide":[83],"how":[84],"are":[87],"built.":[88],"paper":[90],"provides":[91],"classification":[93],"pattern":[94],"with":[95],"taxonomy":[97],"that":[98],"clarifies":[99],"existing":[101],"European":[102],"researchers,":[106],"authorities,":[108],"companies.":[112],"Our":[113],"study":[114],"can":[115],"pave":[116],"compliant":[121],"bringing":[125],"out":[126],"thematic":[128],"focus":[129],"principles.":[132]},"cited_by_api_url":"https://api.openalex.org/works?filter=cites:W4390752628","counts_by_year":[{"year":2024,"cited_by_count":1}],"updated_date":"2024-10-23T00:44:13.747448","created_date":"2024-01-13"}