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Artificial Intelligence and Financial Services
AI has become the hottest buzzword of the decade, with chatGPT—last year alone growing to 100,000,000 users within three months—the fastest growth in a new product ever. Since then, everyone, from sta...
Almost every new technology cycles through phases. Initial hype about the exciting possibilities the tech could present leads to it becoming a much discussed and debated topic, with early adopters rus...
In the dynamic realm of banking, innovation has been the cornerstone of evolution and customer satisfaction. From the pioneering days of ATMs to the digital revolution brought forth by internet and mo...
Bank Fraud was examined in clinical detail at LexisNexis ‘Trust:Live 2024 Conference. Fraud represents 49% of UK Crime. No one knows how many scammers are out there. The scale of scam messages, over 1...
Investment management firms have seen more change in the last five years than in the previous five decades. New asset classes, significant regulatory and technological developments, pandemic-related m...
Why UK Accountants and other Financial Professionals Should Embrace Current Technology: Out with the Old, In with the New In the light of HMRC’s new update to Accountants by Amy Chin, Aweb’s Tax write...
Integrating AI into banking services will obviously revolutionize the user experience in financial services, offering real-time advice and 24/7 transaction monitoring. However, this shift not only enh...
In the age where consumer preferences are shaped by digital convenience, online banking stands as a pivotal factor in the selection of financial institutions. Interestingly enough, an overwhelming 91%...
The problem: Generative AI Large Language Models (LLMs) can only answer questions or complete tasks based on what they been trained on - unless they’re given access to external knowledge, like your or...
Regulating AI: Opening up the RegTech conversation with AI experts and regulators with Women In RegTech New York (WIRTNY) and Rise, by Barclays. Setting the scene As the development and adoption of A...
In competitive banking, one elusive goal has persistently captivated industry leaders: personalization. This concept, however, extends far beyond simply aligning the right products with the right cust...
The use of AI in banking fraud detection is becoming more and more popular. Indeed, the statistics surrounding online fraud are alarming. Cybercrime imposes a significant cost on the global economy an...