Community
Artificial Intelligence and Financial Services
As the owner, you will also give up ownership if you leave this group.
Retired Member
In today’s world when data has become the integral driver for the businesses, the need for the streamlining and effectively managing the dataflows has become one of the top priorities of the businesses. There are multiple challenges in doing so. The shear amount of data is one such challenge, the variety of data we are witnessing is completely a d...
02 January 2024
Ameesh Divatia Co-founder and CEO at Baffle
Few industries have the competitive pressure to innovate — while under as much public and regulatory scrutiny for data privacy and security — as the financial services sector. So, as companies implement new applications and services using large language model (LLM) AI platforms like ChatGPT, the financial services industry must take a different ap...
22 December 2023 /security
Thorsten Hein Principal Product Marketing Mgr. & Insurance Lead at SAS
As 2023 draws to a close, the insurance industry faces a landscape rich with possibilities and fraught with potential failure. Insurers are faced with having to answer the existential threat of climate change alongside the expanding use of artificial intelligence (AI) as regulation evolves in real time. In 2024, many experts predict that insurers ...
18 December 2023 /regulation /predictions
Introduction In today's dynamic and increasingly digital financial landscape, the quest for maximizing conversions while minimizing financial fraud has become a top priority for businesses. Machine learning models play a pivotal role in achieving this dual objective, as they are adept at quickly and efficiently processing and analyzing vast amount...
15 December 2023 /security /crime
Jeremy Takle Founder and CEO at Pennyworth
In the world of personal finance, many people find themselves navigating a path without a trusted guide. The resulting advice gap leaves many worried about making the right financial decisions. In this article, we'll discuss how financial AI is transforming personal finance and closing the advice gap by offering intelligent, automated wealth manag...
14 December 2023 /wealth /retail
Gabriel Hopkins Chief Product Officer at Ripjar
Just over a year ago, ChatGPT launched. The excitement, anxiety and optimism associated with the new AI shows little sign of abating. In November OpenAI CEO Sam Altman was removed from his position, only to return some days later. Rishi Sunak hosted world leaders at the UK’s AI Safety Summit, interviewing Elon Musk in front of gathering of world ...
14 December 2023 /regulation /crime
Steve Morgan Banking Industry Market Lead at Pegasystems
The transformative potential of generative AI for the banking sector was a subject we keenly explored earlier in the year. With the whirlwind advancements in the technology sector, six months can feel like a lifetime. It is worth taking a moment to look back and assess how generative AI has shaped and influenced the banking industry. The crux of ...
12 December 2023 /regulation /devops
The financial services industry faces constant change, from rapid technological advances to new regulations and evolving customer expectations. For financial services companies to succeed today, they need to strike a delicate balance between fostering innovation and cutting costs. Traditionally, firms used expensive third-party solutions to pinpoi...
11 December 2023 /regulation /cloud
Helen Child Founder & CEO at Open Banking Excellence (OBE)
Artificial intelligence will have a seismic effect on financial services. McKinsey has predicted that AI could deliver a “value-creation opportunity of up to $20 trillion” for banks each year. Accenture also argued that 90% of all working hours in the banking industry will be “impacted” by large language models such as ChatGPT and predicted that ...
08 December 2023 /payments
Sanjeev Nargotra Senior Consultant at Tata Consultancy Services
Spoiler Alert: Expecting a geeky article to understand the complexities of GenAI, this piece is not for you. Almost blasphemous, not to mention Gen AI in office conversations, meetings, or formal gatherings these days. At the peril of being branded novice or naive, one may choose to have no opinion. Most organizations though have included Gen AI i...
07 December 2023
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.