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Artificial Intelligence and Financial Services
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Anup Chandrashekar Vice President at Sonata Software
In the dynamic realm of banking, innovation has been the cornerstone of evolution and customer satisfaction. From the pioneering days of ATMs to the digital revolution brought forth by internet and mobile banking, financial institutions have always been at the forefront of embracing technological advancements. Today, as we embark on the cusp of a ...
01 July 2024 /ai /retail
John Bertrand MD at Tec 8 Limited
Bank Fraud was examined in clinical detail at LexisNexis ‘Trust:Live 2024 Conference. Fraud represents 49% of UK Crime. No one knows how many scammers are out there. The scale of scam messages, over 1 billion sent over the telecom networks this year, suggests a significant number of digital fraudsters. The Dedicated Card & Payment Crime Unit ...
27 June 2024 /payments /crime
Brian Montgomery Senior Director, International Finance at Workday
Investment management firms have seen more change in the last five years than in the previous five decades. New asset classes, significant regulatory and technological developments, pandemic-related market and workplace volatility, as well as evolving client expectations have all pushed investment managers well and truly into the era of ‘never nor...
27 June 2024 /ai /people
Satinder Lala Director of Marketing at Capium
Why UK Accountants and other Financial Professionals Should Embrace Current Technology: Out with the Old, In with the New In the light of HMRC’s new update to Accountants by Amy Chin, Aweb’s Tax writer, I thought about our accountants and other financial professionals -the unsung heroes of the business world ensuring that our numbers add up and ou...
26 June 2024 /ai /inclusion
Alex Kreger Founder & CEO at UXDA
Integrating AI into banking services will obviously revolutionize the user experience in financial services, offering real-time advice and 24/7 transaction monitoring. However, this shift not only enhances user experience but also addresses critical data privacy concerns. Unlike traditional cloud-based AI, on-device AI, as introduced by Apple, pro...
25 June 2024 /retail /predictions
Roman Eloshvili Founder and CEO at XData Group
In the age where consumer preferences are shaped by digital convenience, online banking stands as a pivotal factor in the selection of financial institutions. Interestingly enough, an overwhelming 91% of people consider digital banking crucial when choosing a bank. Despite this, the satisfaction with online banking services has seen a decline, wi...
21 June 2024 /ai /inclusion
Steve Wilcockson Product Marketing at Quantexa
The problem: Generative AI Large Language Models (LLMs) can only answer questions or complete tasks based on what they been trained on - unless they’re given access to external knowledge, like your organization’s knowledge. LLMs can be fine-tuned, but it's an expensive endeavor. As a result, deploying enterprise context in conjunction with LLMs has...
18 June 2024 /ai /identity
Alex Ford President, North America at Encompass | RegTech Association | Women in RegTech
Regulating AI: Opening up the RegTech conversation with AI experts and regulators with Women In RegTech New York (WIRTNY) and Rise, by Barclays. Setting the scene As the development and adoption of AI and Generative AI across industries including financial services has dominated headlines in recent months, so too have questions around the regulato...
17 June 2024 /ai /regulation
Ermes Dajko Sr. Cloud Solutions Architect at Temenos
In competitive banking, one elusive goal has persistently captivated industry leaders: personalization. This concept, however, extends far beyond simply aligning the right products with the right customers at opportune moments and prices. True personalization in banking means crafting experiences and solutions that resonate on a human level—not me...
14 June 2024 /ai
Adhikar Babu Product Manager at Worldpay
The use of AI in banking fraud detection is becoming more and more popular. Indeed, the statistics surrounding online fraud are alarming. Cybercrime imposes a significant cost on the global economy and reaches $600 billion annually, equivalent to 0.8% of the worldwide GDP. Besides, fraud attempts surged by 149% in the first quarter of 2021 compa...
11 June 2024 /ai /crime
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