7 Solutions for AI in Financial Services
Dataiku
SEPTEMBER 22, 2023
Here at Dataiku we like to make the lives of everyone who works with data as easy as possible.
This site uses cookies to improve your experience. By viewing our content, you are accepting the use of cookies. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country we will assume you are from the United States. View our privacy policy and terms of use.
Dataiku
SEPTEMBER 22, 2023
Here at Dataiku we like to make the lives of everyone who works with data as easy as possible.
DevOps.com
JUNE 17, 2021
Key facts FIS AML Compliance Hub is the first in a new line of AI-based solutions from FIS for capital markets firms. New solution uses artificial technology to aggregate and analyze client data across financial crime detection systems such as know your customer (KYC) and anti-money laundering (AML) to improve outcomes.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
CIO
FEBRUARY 5, 2024
In our journey of digital transformation, we have embraced advanced technologies to improve operational efficiency and customer service. We are adopting Private Cloud Technology to meet these needs, with Oracle Exadata Cloud at Customer (ExaCC) being a pivotal technology solution for our database workload.
Dell EMC
MAY 23, 2022
Drive business transformation with Dell APEX for Financial Services.
CIO
SEPTEMBER 29, 2023
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. Financial organizations want to capture generative AI’s tremendous potential while mitigating its risks. Financial assistant. during the next decade to exceed USD 9.48
CIO
FEBRUARY 28, 2024
This is what Mobicule Technologies , an independent software vendor (ISV) in fintech, realised as they expanded their client base in India’s financial services industry. In financial services , security and compliance are as important as reliability and responsiveness.
CIO
DECEMBER 27, 2023
Highly regulated, customer-centric, and dependent on layers of human involvement and manual processes, financial services are ripe for automation through artificial intelligence (AI). So business technology leaders in financial services are carefully navigating a path toward AI.
Perficient
APRIL 24, 2024
Uncovering the Challenge: Relying on Spreadsheets for Portfolio Analysis A leading wealth and asset management firm recently sought our financial services expertise for a critical challenge. Customer Experience: Understanding advisors’ and managers’ needs, we tailored solutions to elevate service and engagement.
CIO
JANUARY 4, 2024
Financial institutions must ensure the protection of sensitive personal information, most commonly payment card data, to maintain, trust and meet various regulatory requirements. The Payment Card Industry Data Security Standard (PCI DSS) is a crucial framework to which financial institutions must adhere.
CIO
APRIL 25, 2024
Here’s a look at why you might want to roll your own cloud cost solution, what makes a successful DIY approach, and how some leading organizations have already done so. Evolving enterprise needs often outpace the product roadmaps of SaaS cost optimization solutions providers.
CIO
MARCH 26, 2024
Speaking at Mobile World Congress 2024 in Barcelona, Jason Cao, Huawei’s CEO of Digital Finance BU, acknowledged that digital financial services are “booming” and that the rise of open architecture as well as emerging technologies like generative AI will have an impact on key fields in the industry such as financial engagement and credit loans.
CIO
MARCH 27, 2024
Dustin Moody, leader of PQC at NIST NIST According to Moody, several countries — including the UK, Germany, France, and the Netherlands — have already announced their intentions to use the four PQC solutions approved by NIST, and the International Standards Organization (ISO) will add them to their own list of norms.
CIO
APRIL 25, 2024
After years of IT expanding into non-traditional responsibilities, we’re now seeing how AI is forcing CIOs back to their core mandate,” Ken Wong, president of Lenovo’s solutions and services group, said in a statement. Upskilling existing staff to manage AI technologies requires significant time and financial investment.
CIO
MARCH 7, 2024
And that’s all thanks to Beltzer’s decision to give RBC private equity advisors a vertical industry cloud that offered financial services out-of-the-box that are both customizable and extensible. And, with access to features such as Einstein, CIOs choosing industry clouds may be able to accelerate innovation further.
CIO
OCTOBER 17, 2023
This tool, which is supported by OCI’s (Oracle Coud Infrastructure’s) generative AI service , generates content for any text area based on a few starter words that describe intent. Versapay is the first partner to support this new solution,” the company said. Another feature, dubbed NetSuite Capital, has also been added to the suite.
CIO
OCTOBER 23, 2023
Cegal , a Norwegian global IT services business, is a great example of this leadership. Dell Technology Rotation is a business strategy and solution that allows organizations to implement regular refresh cycles, helping IT contribute to the circular economy, improve productivity and security, and maintain liquidity.
CIO
APRIL 11, 2023
The financial services sector is undergoing rapid change as fintechs develop convenient, consumer-focused services that were once the province of traditional banks. What are the greatest challenges that financial services firms face with their digital transformation initiatives?
CIO
FEBRUARY 5, 2024
French IT services company Atos has called on a third-party trustee to help it negotiate debt refinancing with its banks after plans to raise €720 million in new capital through a rights issue fell through. billion loan for another six months, the first of two allowed extensions, but it needs a longer-term solution.
CIO
DECEMBER 1, 2023
As we navigate the continuous flow of information and effortlessly access many online services, the omnipresent challenge of cybersecurity looms large. Reputation damage Beyond immediate financial gains, there is a more insidious consequence – tarnishing a brand’s reputation.
CIO
MARCH 26, 2024
Medium to long-term strategy Analysts point out that while several tech companies are reducing their workforce, Dell is one of the few who has recorded weak financial performance. First, Dell’s financial results reflect a slowdown in PC demand, leading them to adjust their cost structure.
CIO
APRIL 25, 2023
They want to be able to do everything on a mobile phone or a smart portal,” says Nilendu Pattanaik, Global Head of Business Applications Practice, Microsoft Business Unit, at Tata Consultancy Services (TCS). Another priority involves improving services for retail customers, whose churn rate is often high.
CIO
OCTOBER 12, 2023
Enterprises subscribing to Rise with SAP, a bundle of services wrapped around the core S/4HANA Cloud ERP application, can now pay extra for Premium Plus, a package of some of SAP’s newest innovations. For financial management, bundled features include SAP Analytics Cloud for planning, and S/4HANA Cloud for cash and receivables management.
CIO
FEBRUARY 8, 2024
The global IT services industry is at a significant crossroads, with the explosive growth of generative AI and deepening economic uncertainties reshaping its future. Cognizant Technology Solutions announced a full-year revenue forecast below expectations. AI could necessitate retraining of internal staff to adapt to new technologies.
CIO
DECEMBER 19, 2023
In this report, Huawei Cloud was named a “Leader” and positioned ahead of all other providers in terms of market performance, technical innovation, and customer services. Synchronized with services from the Huawei public cloud, it also allows for continuous iteration. Huawei Cloud also took No.
TechCrunch
MAY 26, 2022
African countries have made great strides in promoting financial inclusion over the past decade, but it’s still early days. In Zimbabwe, for instance, only 30% of the adult population had access to any financial services as of 2014. Several years ago the numbers were starker. million in 2016. million in 2020.
CIO
MARCH 13, 2024
OneFamily is a financial services organization, operating broadly in savings and investments, and responsible for £8 billion of assets under management. We know in financial services and in a lot of verticals, we have a whole slew of data quality challenges,” he says. Traditionally, AI data quality has been a challenge.”
CIO
MARCH 18, 2024
Our goal is to bring the teams together and provide a secure environment to learn and test solutions,” she explains. AI tools rely on the data in use in these solutions. Good data management practices will be needed to get the desired results and AI solutions,” she says. We have cost triggers for the compute services.
CIO
MARCH 18, 2024
Introduced in 2020—and later enacted in 2022—DORA aims to establish a consistent and common level of digital operational resilience across financial services firms in—or doing business with—the EU. The ultimate goal here being to develop an approach that fosters a standardized structure of technological development.
CIO
JUNE 19, 2023
He also noted that compute power is now entering the zettaflop era to power AI as it passes the inflection point of driving transformation across a spectrum of industries and services. A lot of unstructured data of financial institutions is not effectively used. Huawei’s new Data Intelligence Solution 3.0
CIO
JUNE 15, 2023
He also noted that compute power is now entering the zettaflop era to power AI as it passes the inflection point of driving transformation across a spectrum of industries and services. A lot of unstructured data of financial institutions is not effectively used. Huawei’s new Data Intelligence Solution 3.0
CIO
NOVEMBER 8, 2023
That’s where EVP and CIO Kathy Kay found herself in coming to Principal Financial Group from PG&E in May 2020 with a desire to lead an aggressive plan to adopt digital technologies, ranging from the cloud to AI. Customers expect to be treated holistically.”
CIO
JANUARY 22, 2024
AI solutions including Generative AI are finally advanced enough to deploy at scale and provide a frictionless customer experience. Healthcare operations have been slow to change but now are catching up Unlike banking and financial services, healthcare operations have been slower to adopt AI-backed digital technology until now.
CIO
JULY 11, 2022
The shift to a digital business environment in financial services began well before the pandemic pushed it and other sectors to more rapidly embrace digital transformation. As customers have become increasingly digitally savvy, they demand that financial services firms be more responsive to their needs.
CIO
SEPTEMBER 14, 2023
It is already at work in our business — preventing market interruptions, creating new kinds of intelligence for investors, and stopping financial criminals in their tracks,” Peterson says. We’ve become the Salesforce or Workday for the financial industry,” he says. The company, which reported net revenues of $3.6
CIO
DECEMBER 22, 2023
With 65% of IT decision-makers choosing cloud-based services by default when upgrading technology, cloud architects will only become more important for enterprise success. Companies that have migrated to the cloud often need IT pros who can build company-specific services and applications to make the most of the cloud environment.
CIO
OCTOBER 16, 2023
Signing up for cloud services is easy. Gartner predicted worldwide end-user spending on public cloud services would grow 20.7% The cloud makes it easy to build and grow solutions, but costs can quickly spiral out of control,” says Jay Upchurch, Executive Vice President and CIO with leading AI and analytics software company, SAS.
CIO
AUGUST 22, 2022
As the industry continues the shift from in-person services toward remote customer service and hybrid models, banks are focusing more than ever on how to support their customer’s experiences in a way that quickly answers inquiries and gives customers a more frictionless experience for loan applications and other financial services. .
CIO
FEBRUARY 8, 2024
It is also important to involve your key vendors in strategy and planning sessions related to their services or products,” Gilgour says. Regularly sharing feedback and being candid with a vendor’s product or service performance will help them improve and adapt accordingly, Gilgour says. “As
CIO
DECEMBER 13, 2023
Certinia, a developer of software for service businesses, is using AI and automation to extend the capabilities of its tools for report-building or planning and analysis beyond the financial sphere and into operations, too. They started in November. That’s the end of major changes for now, though, Paoni said during the conference call.
CIO
AUGUST 10, 2023
Now Turkey’s largest cloud services and data center provider is working to bring enterprises throughout the country a new level of data protection and peace of mind. Now Turkey’s largest cloud services and data center provider is working to bring enterprises throughout the country a new level of data protection and peace of mind.
CIO
MARCH 8, 2024
For instance, when May Govender, group CIO of pan-African financial services group Old Mutual, first started moving up the corporate ladder, she was one of very few women doing so. These forums allow us to come up with solutions to common challenges,” Mothilall says. There’s no longer a fixed recipe for success.
CIO
MARCH 6, 2024
Impacted operations can pose a physical threat to workers, impact revenue, cause product defects, or impact critical services to customers. Attacks against OT systems pose risks beyond financial losses. In the manufacturing sector, security teams need a solution that gives them visibility into their OT assets.
CIO
FEBRUARY 16, 2024
Today, it is not enough just to innovate within one’s own vertical; to truly exploit the power of GenAI to transform workflows and drive competitive advantage, CIOs need to look outside their own organizations to get the scale, domain expertise, and speed required to develop fully integrated solutions.
CIO
OCTOBER 13, 2022
Any vertical modernization approach should balance in-depth, vertical sector expertise with a solutions-based methodology that caters to specific business needs. With the right industry solution and implementation partner in place, organizations can steer towards effective modernization. AWS/IBM’s Industry Edge.
Expert insights. Personalized for you.
Are you sure you want to cancel your subscriptions?
Let's personalize your content