Actuarial science uses mathematics and statistics to evaluate risk and predict probable outcomes. The most common application of this is in insurance and pensions. In both of these fields, there is uncertainty (how much needs to be paid) that is estimated by the actuary. The actuary uses what ...
AI can also be used for identifying unusual transactions that may help accountants to become better at detecting fraud. As fraudsters are continually developing new methods to practice their trade, machine learning provides an opportunity for accountants to keep up with ...
In an ICO (also called a ‘token sale’), instead of receiving shares, participants (also known as supporters) receive ‘tokens’ and, instead of paying cash, participants often pay in cryptocurrency. They are similar in many ways to crowdf...