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After the successful launch of the Chat GPT 4.0 chatbot by OpenAI at the beginning of 2023, many businesses started testing the tools provided by artificial intelligence and the areas of their application.
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Shailendra Prajapati Associate AI Engineer at Compunnel Inc.
Addressing Fraud in a Connected World The surge in digital payments and mobile banking has transformed financial services but it has also expanded the fraud landscape. Traditional, rule-based fraud detection methods are increasingly outpaced by sophisticated cybercriminal tactics. Today, the integration of Internet of Things (IoT) devices with adv...
11 February 2025 /ai /crime
In an increasingly digital financial landscape, fraud is evolving in both scale and complexity. Financial institutions from global banks to nimble fin-techs face constant threats ranging from payment fraud to money laundering. Fortunately, artificial intelligence (AI) is emerging as the keystone technology that detects and prevents fraudulent acti...
08 February 2025 /ai /crime
Introduction: The New Frontier of Risk Management The global banking sector is navigating unprecedented challenges volatile markets, evolving regulatory demands, and increasing customer expectations for speed and accuracy. Traditional risk assessment models rely on static historical data and struggle to keep pace with modern financial complexities...
07 February 2025 /ai /inclusion
Ritesh Jain Founder at Infynit / Former COO HSBC
In my recent engagements with industry leaders, students, and AI practitioners, one question keeps surfacing: "If AI makes a mistake, who is responsible?" Itβs a critical questionβone that defines the future of AI governance, risk, and trust. Some argue that AI is just a tool, shifting responsibility to the user. Others counter that busin...
06 February 2025 /ai
In the late 1990s, Garry Kasparov, one of the greatest chess grandmasters of all time, lost to IBM's Deep Blue. It was a defining moment that signalled the beginning of an era where machines could outperform humans in raw computation. Today, AI chess engines can beat the best players in the world, but interestingly, human-AI hybrid teams still out...
03 February 2025 /ai /predictions
Artificial intelligence (AI) has long been a battleground for technological supremacy, dominated by a few powerful players. The arrival of DeepSeek-R1, a revolutionary large language model (LLM) developed in China, marks a pivotal shift in this landscape. Unlike the resource-intensive, proprietary systems pioneered by US-based giants like OpenAI an...
27 January 2025 /ai
Steve Morgan Banking Industry Market Lead at Pegasystems
The financial services sector has reached a turning point in the adoption of AI. The UK banking sector in particular has seen a remarkable increase, with AI adoption rates effectively doubling in recent years spurred by pioneering innovations from major players like OpenAI, Google, and AWS. This swift embrace of technology presents an exciting arr...
14 January 2025 /ai /retail
Elaine Mullan Head of Marketing and Business Development at Corlytics
My teen daughter wandered past me with our weighing scales, the type you stand on, not the ones for baking. I asked her what she was doing with them and she responded that she was weighing herself as she planned to lose weight. I asked her how she was planning to do this, fearing weird diets and super fixation on body size, but she laughed and t...
07 January 2025 /ai /people
Prashant Bhardwaj Innovation Manager at Crif
As we step into 2025, the cybersecurity landscape is poised for a dramatic transformation driven by the dual-edged sword of artificial intelligence (AI). While AI has the potential to enhance security measures, it also equips cybercriminals with advanced tools to perpetrate increasingly sophisticated attacks. This article explores the emerging tr
29 December 2024 /ai /crime
As we approach 2025, the intersection of banking and generative AI presents a pivotal moment for financial institutions. Trust, the cornerstone of banking for centuries, is now being challenged and redefined by technological advancements. With global investments in generative AI projected to reach $1.68 billion, banks must navigate this evolving
19 December 2024 /ai /inclusion
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