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Unleashing the power of banks’ data with generative AI

CIO

The implications of generative AI on business and society are widely documented, but the banking sector faces a set of unique opportunities and challenges when it comes to adoption. If banks are to put their faith in AI, then transparency will be key to building trust. This is a problem banking leaders are increasingly aware of.

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How Machine Learning is Used in Finance and Banking

Exadel

The banking landscape is constantly changing, and the application of machine learning in banking is arguably still in its early stages. However, banks using AI and ML are quickly going to overtake their competitors. Machine learning solutions are already rooted in the finance and banking industry.

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Banking on customer experience and security via technology-based innovation

CIO

Workflow automation and data analytics are streamlining document management, cross-checking data, assessing for risk, ensuring regulatory compliance, and so on. Banks continue investing in technologies that make the customer experience seamless, including mobile apps and peer-to-peer payments. Security and privacy.

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OCC Considers Artificial Intelligence an Emerging Risk in Banking

Perficient

This blog was co-authored by: Ashley Simmons In conversations with financial services executives, Perficient consultants consistently delve into the application and usage of artificial intelligence (AI) within the industry. A pivotal aspect of this conversation revolves around the regulatory perspective toward AI.

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Inside Nasdaq’s AI-fueled pivot to SaaS provider

CIO

Additionally, Peterson says large language models (LLMs) are enabling Nasdaq to “create new kinds of intelligence reports for investors and corporate customers that leverage the company’s proprietary data sets and drive faster, more impactful content creation in Nasdaq’s marketing and communication teams.”

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Shield bags $15M Series A to address surging demand for its AI-powered communication compliance platform

TechCrunch

Over the past two years, since the pandemic hit, there has been a sharp rise in financial crime compliance costs, nearing $50 billion in 2021 , up 58% compared to 2019, in the U.S. It will also ramp up the development of its communication compliance platform. . and Canada.

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What IT leaders need to know about the EU AI Act

CIO

The European Parliament voted in mid-March to approve the EU AI Act , the world’s first major piece of legislation that would regulate the use and deployment of artificial intelligence applications. Artificial Intelligence, Compliance, Government, Regulation