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Artificial Intelligence and Financial Services
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Throughout history, radical new ideas have always been the catalyst for profound change. From a technology perspective, the events that have shaped the world the most are the invention of an innovative new solution. In the early 1980s, the launch of the internet and the ensuing era of big data changed the state of play for global business forever. ...
05 April 2024 /retail
Eldad Tamir Founder and CEO at FINQ
Understanding your investment time horizon—the period you plan to hold an investment—is crucial. This timeframe varies among investors, shaped by their goals, circumstances, and strategies. Long-term investing, often associated with retirement savings, focuses on retaining assets to capitalize on their potential long-term growth. It contrasts with ...
31 March 2024 /startups /markets
Today, around 46 million UK adults (86% of the country’s adult population) use a form of online or remote banking. As branches and physical are phased out, banks must now differentiate themselves through a strong digital customer experience. Here, AI technology looks set to form a key part of the future. Research from The Economist found that “77%...
26 March 2024
Short-selling, often wrapped in controversy and skepticism, emerges as a strategic maneuver in the investment world, offering a counterintuitive approach to profiting from declining stock prices. This method, while perceived with caution, holds a significant place in financial markets, facilitating liquidity, aiding price correction, and providing...
24 March 2024 /startups /markets
Steve Morgan Banking Industry Market Lead at Pegasystems
As we steam ahead into 2024, while banks experiment with generative AI, they also need to be aware of how regulators will scrutinise how they use AI. Of specific concern is how the impact of the EU’s AI Act on banks’ AI ambitions will become much clearer over the coming months. The EU AI Act, which will become enforceable during 2025, is the wor...
15 March 2024 /regulation
The pursuit of 100% objectivity in financial services is fraught with challenges. The complexity of the finance world often blurs the lines between transparency and objectivity. While transparency offers open access to financial data for informed decision-making, it doesn't automatically ensure objectivity. Objectivity demands unbiased, fact-based...
10 March 2024 /startups /markets
Alastair Gill Principal Data Scientist at GFT
According to a recent survey by the Bank of England, the use of ML technologies in UK financial services firms continues to increase: over 70% of firms which responded were using or developing machine learning (ML) applications, with firms expecting the number of ML applications to more than triple over the next three years. The reported benefits ...
05 March 2024
Vaibhav Grover Head-Global BFS Offerings & Capability at Sutherland
Generative Artificial Intelligence (GenAI) is not just a buzz word anymore. It is evolving as a transformative force that is reshaping the world. 2023 has been a breakout year for GenAI startups, with equity funding topping $21.8B, which is 4X compared to 2022. Banking and Financial Services industry has always been at the forefront of adapting di...
01 March 2024 /retail /predictions
Stu Bradley Sr. VP of Risk, Fraud and Compliance Solutions at SAS
As in other industries, the explosion of generative AI (GenAI) has forced the financial services sector to quickly adapt while riding a wave of regulatory and ethical questions. How will banks, insurers and other financial firms balance the risks and rewards of GenAI and other transformative technologies in 2024? Polling my team of financial servi...
Ivan Heard Global Head of Fraud Solutions at Quantexa
Artificial Intelligence (AI) has surged into the mainstream and is poised to revolutionize operations in the banking sector. Several factors have fueled this surge, notably the exponential growth in data volume and complexity, heightened pressure for swift and precise decision-making, and the imperative for transparency. While generative AI is goi...
29 February 2024 /wholesale /crime
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