782 Results from /ai
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
When consumers are asked to pay for some product or service, they think twice about whether to consume it. There's a cognitive overhead in all decisions but the one involved in micropayments is acute because it's more mentally taxing to decide whether or not to spend, say, $0.10 to read an article than the $0.10 itself. Ergo, as Byrne Hobart notes ...
06 February 2025 /ai /markets
Shailendra Prajapati Associate AI Engineer at Compunnel Inc.
Global financial institutions now allocate over 58% of IT budgets to cloud services, driven by digital transformation and AI adoption. In Q2 2024 alone, cloud infrastructure spending surged 19% year-on-year to $78.2 billion, with banking and finance accounting for 20% of enterprise cloud expenditure. However, this growth comes at a cost: data cent...
06 February 2025 /ai /inclusion
Retired Member
In my recent engagements with industry leaders, students, and AI practitioners, one question keeps surfacing: "If AI makes a mistake, who is responsible?" It’s a critical question—one 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 Artificial Intelligence
Prashant Jajodia Managing Partner at IBM
Adoption of Artificial Intelligence (AI) in financial services is expected to drive significant growth and productivity in the industry. Though some of the hype around Generative AI (Gen AI) is cooling down, the business opportunities are real. According to research conducted by PWC, AI will add a 14% increase to global GDP by 2030, equivalent to ...
05 February 2025 /ai
Abhishek Bhasin Founder at Data for Inclusion
Imagine a small business owner logs into their online banking portal to figure out their cash position -- a constant struggle for a large majority of them. A chat bot pops up, asks a few questions. After some responses, the business is approved for a working capital loan, and a few minutes later, the money shows up in their account. A dream come t...
04 February 2025 /ai /inclusion
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
The bicycle-made-for-two (employer and employee) is the Trust Infrastructure with credentials in wallets for both the employee and for her/his employer. In this successful case lead by Finnish Tax and supported by Findynet and used in EWC where Bosch opened a bank account from Germany in Finland. Goes as follows: Bosch employee has wallet and asks...
04 February 2025 /ai /identity Innovation in Financial Services
Harish Maiya CEO at Orin
A common challenge faced by many Fintech teams is keeping up with rapidly emerging AI models and effectively applying them to financial use cases. As a Silicon Valley Fintech startup, our team went through this as well. Despite having a technical background, it took us some time to understand new foundational AI models, recognize their strengths,
03 February 2025 /ai /payments Fintech
Steve Wilcockson Technical Product Marketing at Quantexa
What Just Happened? The pace of change and events this last two weeks has been bewildering. I have below summarized what just happened with links to social posts with deeper insights, and also described how financial services need to react. DeepSeek launched their LLM to great acclaim. So too did Alibaba with their new Qwen model. However, DeepSe...
03 February 2025 /ai /regulation Artificial Intelligence and Financial Services
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
Erica Andersen Marketing at smartR AI
In today's rapidly evolving business landscape, the financial sector is increasingly leveraging the power of AI and smart data solutions to gain a competitive edge. These technologies are revolutionizing how businesses operate, from optimizing internal processes to enhancing customer experiences. AI and Smart Data: A Powerful Combination Artific
02 February 2025 /ai Artificial Intelligence and Financial Services
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