Compliance
Compliance (regulatory compliance) means conforming to comply with relevant laws and regulations. Together with KYC Spider in Zug Eurospider has in-depth compliance know-how.
The term “Semantic Web” was coined by Tim Berners-Lee, the inventor of the World Wide Web. His idea was to create a “web of data” that could be interpreted by machines – a goal that is also highly relevant the area of compliance. What is known as the Resource Description Framework (RDF) is used to achieve this goal. RDF enables automated inferencing, which is also beneficial for compliance purposes.
Precision is the ratio of true positives to positives: how many hits are correct? Yield is the ratio of true positives to the total number of true positives and false negatives: how many hits that should have been found were actually found. This two-dimensional perspective does not allow for any clear-cut estimation.
Game theory is a toolbox offering various analytical instruments that can be applied across a range of areas, for example in economics and law. In the simplest model, the “players” are a potential bank customer and a compliance officer. The game – onboarding, for example – is subject to particular rules. In the best-case scenario, the customer will be accepted and the compliance officer will not have any problems with them. In the worst-case scenario, the potential bank customer will be turned down, but the compliance officer will still experience problems.
Machine learning is widely used in computer science and other fields such as compliance. Developing successful machine learning applications, however, requires a substantial amount of "black art" that is difficult to find in textbooks. Here come the 12 key lessons that machine learning researches have learned.
It’s a familiar scenario. You need to print something in a hurry, but the printer isn’t working – and neither is the ticket machine. And the train is has come to a halt somewhere along the tracks, probably due to a software bug. Unfortunately, we still haven’t found a way to get rid of these critters once and for all. In 1977, Caspers Jones estimated that for every 1,000 lines of code, one can expect a specific number of bugs that cause incorrect results or unexpected behaviors in computer programs. So from a compliance point of view, bugs are always to be expected. What does this mean?
Data Protection Act
The Swiss Data Protection Act underwent a complete revision in 2020, and its new version took effect on September 1, 2023, along with the new Data Protection Ordinance (DPO). The revision itself is complete, but its practical application continues to evolve. The topic of AI is particularly relevant: On May 8, 2025, the FDPIC confirmed that the DPA is technology-neutral and applies directly to all AI applications. In practice, this means, among other things, that users must know whether they are interacting with AI (transparency requirement, Art. 19), and that a data protection impact assessment is mandatory in cases of high risk—such as profiling or facial recognition (Art. 22). The Federal Office of Justice (FOJ) is drafting a consultation document on AI regulation to be completed by the end of 2026. With this, Switzerland will implement the Council of Europe's AI Convention.
