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Artificial Intelligence and Financial Services
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Alessandro Hatami Managing Partner at Pacemakers.io
The banking industry is at a crossroads, driven by the disruptive potential of artificial intelligence (AI). More than just a shiny new technology, AI is fundamentally changing how banks operate, interact with customers, and manage risk. What makes AI so compelling for banks is not just its ability to automate tasks but its potential to enable dee...
09 September 2024 /ai /regulation
Erica Andersen Marketing at smartR AI
Are you ready to take your organization to new heights with artificial intelligence (AI)? As AI continues to evolve and mature, businesses are increasingly looking to harness its power to drive innovation, efficiency, and competitive advantage. But, let's face it - implementing AI projects can be challenging, especially when the endpoints are und
05 September 2024 /ai
Pankaj Gupta Manager Data Engineering at Independent Researcher
In today’s digital world, fraud has become more complex, which means we need smarter ways to detect and prevent it. Generative AI helps with this by looking at large amounts of data in real-time, learning what normal and suspicious behavior looks like, and spotting anything unusual with incredible accuracy. In simple terms, it uses advanced AI to ...
03 September 2024 /ai /crime
Ellen Roberson Global Marketing Advisor, Risk, Fraud & Compliance at SAS
Fraud, risk, and compliance departments worldwide face a rapidly evolving and expanding workload, fueled by increasingly complex modern-day fraud and financial crimes. According to data from the FBI and Deloitte, generative AI (GenAI) is expected to rapidly increase fraud losses over the next few years. But even as AI technology galvanizes bad act...
30 August 2024 /ai /crime
Franklin Manchester Principal Global Insurance Strategic Advisor at SAS
This article originally appeared in the Anti-Fraud Alliance email newsletter and is re-published here with permission. Life insurance fraud is the second most expensive type of insurance fraud in the United States, with losses totaling an estimated $74.4 billion per year. Anecdotally, many carriers note that, while insurance fraud detection rates ...
29 August 2024 /ai /crime
Patrick Bermingham CEO at Adflex
Visit any social media newsfeed and countless posts will tell you that AI means “nothing will ever be the same again” or even that “you’re doing AI wrong”. The sheer volume of hyperbolic opinions being pushed out makes it almost impossible for businesses to decipher between the hype and reality. This is an issue the European Union’s ‘AI Act’ (the ...
29 August 2024 /ai /payments
Eldad Tamir Founder and CEO at FINQ
Millennials, born between 1981 and 1996, often find themselves under significant financial stress. The current economic landscape, marked by student loan burdens, a challenging job market, and the necessity to save for the future, compounds this stress. However, despite these challenges, millennials exhibit savvy, resourcefulness, and intelligence...
25 August 2024 /ai /markets
Jeremy Takle Founder and CEO at Pennyworth
The UK's financial advice gap is leaving consumers worse off and hindering economic growth. Developing AI-based personal finance tools is essential for closing this gap and improving the resilience of households and economy as a whole. The UK faces significant challenges. Among them, the gap in financial advice available to consumers is both vast a...
20 August 2024 /ai /wealth
Software ownership has undergone an interesting evolution. Traditionally, software producers retained ownership, through licensing or the use of Software as a Service (SaaS). However, the AI era provides an opportunity to bring about a significant shift. A key difference in the AI era is the increasing customization of software for individ
12 August 2024 /ai /security
Saurabha Sahu Senior Solution Consultant at Wipro Limited
Any new technology advancement comes with benefits as well as challenges attached. Financial industry always maintains a follower strategy, accepting a NextGen solution. However, there are some non-impacting financial use cases which can influence customers in terms of behavior and sentiments through the current NextGen technology (Gen AI). In th
03 August 2024 /ai /inclusion
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