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Artificial Intelligence and Financial Services
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Leslie Kanthan CEO at TurinTech
The utilisation of artificial intelligence (AI) has been progressively gaining importance in various businesses, including retail banking. AI offers a multitude of benefits in this industry, such as enhancing customer service and detecting fraudulent activities. Given the intensifying competition in the field, it is crucial for executives to recog...
31 May 2023 /retail /predictions
Diederick Van Thiel Visionary Board Member | CEO | NED at AdviceRobo | IKANO Bank | Ikano Insight
Embedded Finance: Redefining Financial Services Small businesses starting today may never interact with a conventional bank. By logging into their e-commerce or accounting platform, they can open a deposit account, order a debit card, and meet most of their financing needs. The operators of these platforms are not usually banks. Rather, they are s...
31 May 2023 /retail /inclusion
Steve Sabin SVP, Division Executive, Lending at FIS
Ever since its launch in November 2022, OpenAI’s text-generating artificial intelligence (AI) chatbot, ChatGPT, has been making headlines as a revolutionary technology. But with business use of AI growing all the time, what makes ChatGPT and other so-called generative AI tools such good news for commercial lending? The story so far Previous incarn...
25 May 2023 /markets /predictions
Retired Member
Even the most challenging economic times come with opportunities to grow. But as gaps open for asset finance providers in the current market, it’s more important than ever to understand the risks that growth could bring, too. Right now, there are chances to be seized. With unsecured lenders increasingly losing their credit risk appetite, asset fina...
Yuriy Gnatyuk COO at Kindgeek
With a recent AI breakthrough captivating the world's attention, the momentum of the AI market penetration shows no signs of slowing down and steadily paves its way through 2023 with the introduction of GPT-4 and Bard. According to industry reports, the global market for AI is expected to surpass $521.3 billion by 2028, exhibiting a remarkable co...
25 May 2023 /retail /predictions
Roy Prayikulam SVP Risk & Fraud Division at INFORM GmbH
To overcome increased risks from financial crime, fraud expert teams have long been working with AI-powered solutions. Without such tools, inspecting all financial transactions for possible criminal activity would not be possible. But not all solutions are equally effective. The future of fraud prevention lies in intelligently combined multichanne...
24 May 2023 /payments /crime
Jose Pierre CEO at Marketware International, Inc.
Once upon a time, in the ever-evolving landscape of technology, a disruptive force emerged that had the potential to transform industries across the globe. This force, known as Large Language Models (LLMs), proved to be a game-changer in various domains, raising hopes and prompting businesses to adapt or risk being left behind. As organizations sc...
24 May 2023 /wealth /sibos
Sophie Dionnet VP Strategy at Dataiku
Financial institutions are data-driven by nature. All their core processes — including customer suitability assessments, credit allocation decisions, and liquidity buffers management — are dependent on data accessibility and AI models to make the best risk-adjusted business decisions. This data intimacy should give financial services institutions...
17 May 2023 /wholesale
Antony Fung Marketing Manager at CJC
AI and Human Expertise Hybrid Is The Optimal Solution Interest in Artificial Intelligence (AI) has skyrocketed. This article consolidates everything you need to know right now, from current developments to how AI is already impacting the financial sector including the AI potential, costs and employment impacts. It concludes AI has massive potentia...
17 May 2023 /cloud /predictions
INSPIRATION FROM RESPONSIBLE AI-USE CASES IN FINANCIAL SERVICES AND RETAIL Pause or accelerate AI-development? Some of the biggest names in tech are calling for artificial intelligence labs to stop the training of the most powerful AI systems for at least six months, citing “profound risks to society and humanity.” Elon Musk was among the dozens of...
10 May 2023 /retail /predictions
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