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Artificial Intelligence and Financial Services
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Prashant Bhardwaj Innovation Manager at Crif
As the financial landscape rapidly evolves, traditional banks face the challenge of transforming their legacy systems into innovative powerhouses. The journey up the stairway of technological advancement—cloud computing, generative AI, and quantum computing—marks a crucial path for banks striving to remain relevant and competitive. Cloud Computin
10 October 2024 /ai /people
Eldad Tamir Founder and CEO at FINQ
Facing a shaky economy and skyrocketing stress levels, Gen Z has coined a new term: "doom spending." This refers to shopping sprees triggered by anxiety from constant news of economic downturns and global unrest. With $450 billion in purchasing power, Gen Z's spending habits are impressive but often driven by the need for quick comfort i...
06 October 2024 /ai /startups
Anna Antimiichuk Head of Communications, PhD at Corlytics
Data management is a critical issue for financial institutions: the challenges associated with it are vast and multifaceted. A group of industry experts from Nomura, BNY (ex-BNY Mellon), and Xceptor explored these challenges at a recent AFME OPTIC conference in London discussing some ways financial institutions can unlock the true value of their
05 October 2024 /ai /cloud
Joe Teno Director - Wealth Management Consulting at NTT DATA
Traditional wealth management is, and was, deeply rooted in personal relationships and high-touch services. Advisors and clients often meet face-to-face, building trust over time through personalized advice and meticulous service. This model, while effective for previous generations, is now being challenged as we enter the greatest wealth transfer ...
03 October 2024 /ai /wealth
Erica Andersen Marketing at smartR AI
The artificial intelligence (AI) landscape has experienced rapid evolution in recent years, with investments far outpacing short-term revenue expectations1. This disconnect has led to a complex situation where tech giants and startups alike are facing challenges. Major companies like Cisco, Intel, and Dell have announced layoffs, while numerous
03 October 2024 /ai /people
Elias Thomaidis Sales Director at Aspire Systems
The adoption of AI/ML in banking is not just a technological advancement; it is a strategic imperative that is reshaping the industry. From personalised consumer banking experiences to efficient commercial operations, AI/ML technologies are driving significant improvements in customer satisfaction, operational efficiency, and financial performance...
27 September 2024 /ai /regulation
Prashant Bansal Sr. Principal Consultant at Oracle
The traditional language of finance can feel like a foreign tongue to everyday banking customers. Tasks like checking balances, initiating transfers, or making credit card payments are simple actions, yet the jargon and procedures used by financial institutions often create a barrier to efficient communication. This becomes even more problematic i...
27 September 2024 /ai /inclusion
Jeremy Takle Founder and CEO at Pennyworth
Artificial Intelligence (AI) is the world’s next transformative technology, offering unprecedented opportunities for productivity and growth. However, instead of embracing the transformative power of AI, some governments are reacting with excessive caution. This is often driven by fear and zero-sum thinking that fails to grasp the massive potentia...
24 September 2024 /ai /regulation
Jakub Piotrowski VP of Product at Bud Financial
Legacy structures as an AI opportunity Having overcome numerous challenges, digital retail banking is in its best-ever state. Online banking, instant transfers, quick onboarding and a variety of products make banking more convenient and accessible than ever before. However, if we dig deeper, we’ll likely discover that underneath the layer of moder...
24 September 2024 /ai /retail
The stock market investing industry is on the brink of significant transformation, driven by rapid technological advancements and changing investor behaviors. Currently, the industry faces challenges such as high fees, lack of transparency, and complex investment products, which create steep learning curves and high entry barriers for young invest...
22 September 2024 /ai /markets
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