207 Results from 2024, /ai
Erica Andersen Marketing at smartR AI
In recent years, the world has witnessed the rise of a powerful cartel of tech giants, each vying for control over every industry, including financial services. Their "big is better" approach to artificial intelligence (AI) has led to a proliferation of large language models (LLMs) that guzzle energy and resources, suffocating main stre
15 December 2024 /ai /sustainable Artificial Intelligence and Financial Services
Tej Sidhu Chief Technology Officer at Genesis Global
Any technology entering the financial industry must pass rigorous compliance and resilience tests, which can slow adoption. Yet, AI is rapidly finding a leading place in technology strategies across financial institutions. Multiple compelling business drivers are fueling AI testing and adoption, including competitive positioning, cost optimization ...
12 December 2024 /ai /markets
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 Artificial Intelligence and Financial Services
Boris Bialek Vice President and Field CTO, Industry Solutions at MongoDB
Interactive banking marks a new era in financial services, where customers engage with digital platforms that anticipate, understand, and meet their needs in real-time. This approach leverages AI-driven technologies such as chatbots, virtual assistants, and predictive analytics, enabling banks to enhance digital self-service while delivering perso...
11 December 2024 /ai Artificial Intelligence
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 Artificial Intelligence and Financial Services
Mark Sheldon Chief Technology Officer at Sidetrade
Major AI companies may be leading the way with the creation of LLMs, generalist GenAI chatbots and early use cases of intelligent agents, but niche companies that have invested in building up proprietary specialist user data have the potential to come out on top in domain-specific generative AI. Thanks to the boom of LLMs and generative AI, Big Te...
10 December 2024 /ai Artificial Intelligence
Mike Dekock Founder and CEO at MJD Advisors
It’s easy to understand how an annual risk assessment can feel like a mundane administrative burden, especially in the fast-paced financial services sector. In an industry where the stakes are high, the pace relentless, and customer trust paramount, it’s tempting to reduce this essential exercise to checking a box. The idea of formally evaluating ...
09 December 2024 /ai /regulation Artificial Intelligence
Darren Cran CEO at AccountsIQ
Many CFOs are showing a strong commitment to increasing investments in accounting technology to future-proof their finance operations. As highlighted in a recent Gartner report, 92% are planning an increase in such investments. For mid-market businesses, automating the finance function is essential to driving scalable growth in their digital trans...
09 December 2024 /ai /people
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 Artificial Intelligence and Financial Services
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 Artificial Intelligence and Financial Services
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