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Should finance organizations bank on Generative AI?

CIO

As I work with financial services and banking organizations around the world, one thing is clear: AI and generative AI are hot topics of conversation. In the finance and banking industry, however, organizations are seeking extra guidance on the best way forward. In short, yes. But it’s an evolution. Regulatory compliance.

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The world needs more (and better) open map data

InfoWorld

The trend of open data is taking hold around the world and it will unleash untold innovation. McKinsey notes that open data, which is data that can be freely used and freely redistributed, could contribute $3 trillion annually to the global economy and has the potential to “unleash innovation and transform every sector of the economy.”

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PenFed to bank on gen AI for hyper-personalization

CIO

Pentagon Credit Union (PenFed), the second-largest credit union in the US, is looking to generative AI to transform how it interacts with its customers. million members, as a credit union PenFed doesn’t have the resources of a traditional bank. Data Cloud is going to be the zero ETL capability,” Thomas says. “It Its vision?

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How Digital Transformation Can Help Your Business Grow?

OTS Solutions

You have surely heard the buzz about digital transformation, but what is it? Digital Transformation is a broad concept. Let us try to understand digital transformation in detail. In this article, we discuss the concept in more detail and unpack what it involves. Importance of Digital Transformation for Business Growth 1.

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Powering the future: How Gen AI and AI illuminate utility companies

CIO

In addition, utilities must comply with regulations that cover a wide variety of other areas: Safety standards Efficiency standards Rate regulations Reliability standards Consumer protections, Data privacy laws Land use and environmental impact assessments Emergency preparedness standards.

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Fintech app Portabl raises $2.5M to help consumers securely store financial data

TechCrunch

It provides identity management and protection for financial services, banking and consumer apps, but Soffio calls it a financial digital passport, which helps with user identification, making the task less cumbersome for both consumers and financial services. ” This article was updated to clarify what the app Portabl does.

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How to get your CFO to buy into a better model for IT funding

CIO

But to deliver transformative initiatives, CIOs need to embrace the agile, product-based approach, and that means convincing the CFO to switch to a persistent funding model. This approach enabled Finance and business stakeholders to use data insights to see the metrics move as the year progressed.