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Artificial Intelligence and Financial Services
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Dhiraj Sharma Senior Consultant at TCS
Impersonation scams, also known as imposter scams, represent one of the most prevalent and effective strategies employed by fraudsters to deceive their victims. These scams often involve the perpetrator posing as a trusted individual or organization, such as bank representatives, law enforcement officers, or even family members, in order to manipu...
25 December 2024 /ai /crime
Eldad Tamir Founder and CEO at FINQ
Did you know that only 24% of Millennials demonstrate basic financial literacy? Understanding how to manage money is more critical than ever, especially for young investors starting their financial journey. Financial literacy can mean the difference between retiring early or working late in life. It’s one of the most valuable subjects to prioritiz...
22 December 2024 /ai /markets
Sanjeev Nargotra Senior Consultant at Tata Consultancy Services
Touted as the next big thing, if not already one, AI has pushed business leaders across industry segments to put AI on top of their strategic priorities. Over the past year, I tried to fathom the frenzy, reality and impact of AI, especially in the Banking and Financial Industry. While many organizations are keen to adopt AI for driving business gr...
22 December 2024 /ai /retail
Erica Andersen Marketing at smartR AI
I recently had the privilege to speak to Lord Christopher Holmes of Richmond (‘Lord Holmes’), Britain’s most successful paralympic swimmer and the creator of the Artificial Intelligence (Regulation) Bill currently making its way through the houses of parliament, to find out: what’s new in the world of AI regulation? Backpedalling on Pro
16 December 2024 /ai /regulation
Dan Reid Founder & CTO at Xceptor
No reflection on the state of capital markets in 2024 would be complete without referencing the transformative influence of data automation and artificial intelligence (AI). The unbridled enthusiasm of recent years, where AI was seen as a universal solution to nearly all problems, gave way to a more focused and pragmatic approach. Firms instead be...
16 December 2024 /ai /markets
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
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
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
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
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
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