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Artificial Intelligence and Financial Services
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Prasenjit Das Senior Director at Virtusa
The publication ‘The rise of artificial intelligence: benefits and risks for financial stability by ECB’ gives a view with some deep fundamental insight into the hottest star around – AI. It touches on the conceptual aspects and more importantly acknowledges the evolving aspect of the scientific understanding of the technology itself & thus t
17 November 2024 /ai
Karla Booe Chief Compliance Officer at Zeta Services Inc.
Artificial intelligence (AI) has been used in banking for decades now. AI-assisted decision-making, machine learning-led automation, and chatbots, have all been around and found their place in making banking more efficient and scalable. What’s changed is the sophistication of our computing power and, of course, Gen AI. 2023 saw a series of AI-f...
07 November 2024 /ai /regulation
Erica Andersen Marketing at smartR AI
The rise of large language models (LLMs) and other AI systems has created an insatiable demand for data. While these models offer incredible potential, their hunger for data presents a significant challenge for enterprises striving to maintain data privacy. We also need to see data privacy within the whole data is power context to guarantee a long
04 November 2024 /ai /security
Kaustuv Ghosh CEO at Nxtgen Payment Infra.
Digital customer engagement has long been a white space. Let us look at how this may become-once again-a revenue driver for brands. Quite a bit is being written about how AI-enabled agents can do everything and the future is “agentified”. The truth is more nuanced. Certainly, the user interfaces that been around for a long time are less than satis...
03 November 2024 /ai /startups
Ellison Anne Williams CEO at Enveil
It takes only a quick scan of daily media headlines to know we are collectively riding a wave of artificial intelligence. But, for all the benefits that come with AI — and there are many — there is also a downside to consider, especially in the business arena. While AI is helping make financial institutions smarter, faster, and more efficient, it ...
30 October 2024 /ai /security
Vinothkumar Kolluru Senior Data Scientist at Fractal Analytics
The current trend in the financial services industry is using AI technology, which enhances the services provided. Rivalry within the industry forces companies to seek more efficient marketing strategies while maintaining decent customer relationships as they shift their focus from traditional to modern strategies. Investments in AI technologies e...
30 October 2024 /ai /startups
Despite the bigger is better AI hype, real techies, not tech bro's for show, are sticking to our instincts, because those LLM hallucinations are not going away are they? The pursuit of perfection is not going to come from a competition stifling Big Bucks Big Tech cartel, but rather a collaboration of real people sharing ideas for good - which mea
28 October 2024 /ai /sustainable
Anna Antimiichuk Head of Communications, PhD at Corlytics
As the digital age matures, organisations across the globe are embracing artificial intelligence (AI) as a major driver of innovation. However, as AI evolves at a breakneck pace, with its increasing role in business strategy, operations, and governance, a critical question has surfaced: do companies already need a dedicated Chief AI Officer to ove...
25 October 2024 /ai /regulation
We need to start taking data privacy and data broking seriously because it would cut energy consumption if only companies adopted private SLMs rather than the huge open source LLMs offered by the big tech organizations. This would keep energy bills down for all of us long suffering consumers who are just about to see another big increase in our b
20 October 2024 /ai /sustainable
As AI technology advances, the industry is actively working to meet the increasing demand for electricity and water to support the servers powering this innovation. A standard DGX computer, the gold standard for AI tasks, consumes more than 10KW of power. Big Tech is expected to purchase millions of these systems this year, surpassing the power u
13 October 2024 /ai /sustainable
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