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Artificial Intelligence and Financial Services
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Yuriy Gnatyuk COO at Kindgeek
With its rapid growth taking off in late 2022, the field of AI has been flourishing ever since. And the disruption is definitely far from slowing down: 75% of companies expect artificial intelligence to yield significant or disruptive change in their respective industries in years ahead according to McKinsey. Being a huge productivity driver, Ge
11 December 2024 /ai /retail
Barley Laing UK Managing Director at Melissa
Driven by evolving AI technologies deepfake software, automated phishing systems, chatbots and advanced data analytics, are enabling fraudsters to create highly personalised and convincing fraudulent schemes, quickly and easily. This is at a time when fraud and scams are at record levels according to the UK’s Financial Ombudsman Service. They have ...
10 December 2024 /ai /identity
Rajeev Verma Consultant at Tata Consultancy Services Ltd
Introduction The financial services industry stands at the cusp of a transformative era with Generative Artificial Intelligence (Gen AI) emerging as a powerful tool to revolutionize operational efficiency, compliance, and strategic decision-making. As a critical sector governed by complex regulatory frameworks, the Banking, Financial Services, a...
09 December 2024 /ai /regulation
Erica Andersen Marketing at smartR AI
The rapid advancement of artificial intelligence (AI) brings with it tremendous potential benefits, but also potential risks. To ensure AI is developed and used responsibly, the concept of AI guardrails has emerged as a crucial framework. Private Small Language Models (SLMs) would also appear to be very helpful in building AI guardra What are AI
09 December 2024 /ai /security
Roman Eloshvili Founder and CEO at XData Group
Agentic AI is rapidly gaining traction: over 80% of companies intend to adopt it within the next three years, according to various surveys. But for all this noise around Agentic AI, many people still find themselves wondering if it truly is a must-have for FinTech companies or just another fad. Well, let’s take a closer look and try to make sens...
06 December 2024 /ai /predictions
Artificial intelligence (AI) has been rapidly evolving, with large language models (LLMs) like GPT-X, LLama, and Claude taking center stage. However, a recent survey by the IBM Institute for Business Value has highlighted concerns around accuracy and bias in AI, with nearly half of CEOs (49%) expressing worries about these issues. In fact, the su
02 December 2024 /ai /security
Retired Member
In 2010, I had the opportunity to lead a groundbreaking project at Visa that would later be recognized as Visa Advanced Authorization (VAA). At the time, we called it the Real-Time Scoring Platform—a system leveraging advanced data analytics and what we now identify as machine learning. The platform was revolutionary in its ability to assess trans...
27 November 2024 /ai /payments
As I am sure many of you are aware, there is a growing discussion around the plateauing of Large Language Models (LLMs), and how alternative approaches like Specialized Language Models (SLMs) could address these limitations. Given the huge amounts of venture capital going into LLMs and chips at the tech cartel and, the internal investments at the
24 November 2024 /ai
Prasenjit Das Senior Director at Virtusa
The publication ‘The rise of artificial intelligence: benefits and risks for financial stability by ECB’ gives a view with some deep fundamental insight into the hottest star around – AI. It touches on the conceptual aspects and more importantly acknowledges the evolving aspect of the scientific understanding of the technology itself & thus t
17 November 2024 /ai
Karla Booe Chief Compliance Officer at Zeta Services Inc.
Artificial intelligence (AI) has been used in banking for decades now. AI-assisted decision-making, machine learning-led automation, and chatbots, have all been around and found their place in making banking more efficient and scalable. What’s changed is the sophistication of our computing power and, of course, Gen AI. 2023 saw a series of AI-f...
07 November 2024 /ai /regulation
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