Community
Artificial Intelligence and Financial Services
As the owner, you will also give up ownership if you leave this group.
Steve Wilcockson Product Marketing at Quantexa
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 organization’s knowledge. LLMs can be fine-tuned, but it's an expensive endeavor. As a result, deploying enterprise context in conjunction with LLMs has...
18 June 2024 /ai /identity
Alex Ford President, North America at Encompass | RegTech Association | Women in RegTech
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 AI and Generative AI across industries including financial services has dominated headlines in recent months, so too have questions around the regulato...
17 June 2024 /ai /regulation
Ermes Dajko Sr. Cloud Solutions Architect at Temenos
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 customers at opportune moments and prices. True personalization in banking means crafting experiences and solutions that resonate on a human level—not me...
14 June 2024 /ai
Adhikar Babu Product Manager at Worldpay
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 and reaches $600 billion annually, equivalent to 0.8% of the worldwide GDP. Besides, fraud attempts surged by 149% in the first quarter of 2021 compa...
11 June 2024 /ai /crime
Sergei Grechkin Chief Risk Officer at AIFM Cayros Capital
The financial industry has been rapidly integrating Artificial Intelligence (AI) to enhance various aspects of its operations, including the pricing of interest rate derivative contracts. Interest rate derivatives, such as swaps, options, and futures, are essential tools for managing exposure to fluctuations in interest rates. The traditional met...
06 June 2024 /ai /predictions
Matt Ryan Chief Transformation Officer at Reef
Digital Hospitality is a new paradigm in client engagement that emphasises what can be done through next-generation digital tools to engage clients. These tools have been used for years, but have significantly increased during the pandemic as face-to-face meetings became less common. Today, they are a part of many companies’ outreach efforts, so w...
06 June 2024 /ai /wealth
Jeffrey Brown Principal Consultant at SLK
The popularity of ChatGPT stems from its ability to generate human-like text based on input, making it a valuable tool for various applications such as chatbots, customer service, language translation, and more. But what makes Chat GPT so irresistible? ChatGPT is not your ordinary chatbot. It goes beyond simplistic trigger or keyword-based respons...
04 June 2024 /ai
Adam Lieberman Chief AI Officer at Finastra
With the explosion of Gen AI in recent times, financial services organizations are looking to harness the technology to its fullest potential. Early forms of generative AI have been used across the industry for a decade, particularly in the form of synthetic data generation, but fear and fascination dominate boardroom conversations in equal mea
28 May 2024 /ai /regulation
Simon Hughes VP and General Manager, UK at Cowbell Cyber
It’s no surprise to see cybersecurity holding its position as one of the Financial Services (FS) sector’s most discussed topics right now. While some may assume that major FS businesses have robust cyber defences - thinking they’re perhaps impervious to hackers - the number of cybersecurity breaches for UK FS firms has in fact tripled over the last...
28 May 2024
Steve Morgan Banking Industry Market Lead at Pegasystems
Personalised offers for products and services and timely advice for financial and wealth management, especially with the cost-of-living crisis, are all examples of banks offering tailored services to their customers. Traditionally, financial institutions have delivered this level of service through face-to-face interactions in physical bank branch...
20 May 2024 /ai /people
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.