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Artificial Intelligence and Financial Services
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Roman Eloshvili Founder and CEO at XData Group
Agentic AI is rapidly gaining traction: over 80% of companies intend to adopt it within the next three years, according to various surveys. But for all this noise around Agentic AI, many people still find themselves wondering if it truly is a must-have for FinTech companies or just another fad. Well, let’s take a closer look and try to make sens...
06 December 2024 /ai /predictions
Erica Andersen Marketing at smartR AI
Artificial intelligence (AI) has been rapidly evolving, with large language models (LLMs) like GPT-X, LLama, and Claude taking center stage. However, a recent survey by the IBM Institute for Business Value has highlighted concerns around accuracy and bias in AI, with nearly half of CEOs (49%) expressing worries about these issues. In fact, the su
02 December 2024 /ai /security
Ritesh Jain Founder at Infynit / Former COO HSBC
In 2010, I had the opportunity to lead a groundbreaking project at Visa that would later be recognized as Visa Advanced Authorization (VAA). At the time, we called it the Real-Time Scoring Platform—a system leveraging advanced data analytics and what we now identify as machine learning. The platform was revolutionary in its ability to assess trans...
27 November 2024 /ai /payments
As I am sure many of you are aware, there is a growing discussion around the plateauing of Large Language Models (LLMs), and how alternative approaches like Specialized Language Models (SLMs) could address these limitations. Given the huge amounts of venture capital going into LLMs and chips at the tech cartel and, the internal investments at the
24 November 2024 /ai
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
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 Nxtgencode
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
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