SET to Use AI to Improve Market Oversight
The Bangkok Post | 28 November 2024
President says ability to detect irregularities more quickly will boost flagging investor confidence.
The Stock Exchange of Thailand (SET) plans to use artificial intelligence tools to improve monitoring of listed companies as it grapples with rising instances of corporate fraud.
The adoption of AI will help the bourse more quickly discover any occurrence of irregular share price movements and trading and notify investors, SET president Asadej Kongsiri said on Thursday.
Late warnings and delayed enforcement have been among the reasons for investors’ waning confidence in the Thai stock market, he said.
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