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After the successful launch of the Chat GPT 4.0 chatbot by OpenAI at the beginning of 2023, many businesses started testing the tools provided by artificial intelligence and the areas of their application.
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Steve Morgan Banking Industry Market Lead at Pegasystems
The financial services industry, particularly in lending, stands on the cusp of a transformative era prompted by the application of Artificial Intelligence (AI) and Generative AI (GenAI). These technologies, when embedded within processes to get work done, unlock a synergy between operational efficiency, customer interaction and risk managem
26 February 2025 /ai
Vinothkumar Kolluru Senior Data Scientist at Fractal Analytics
Introduction Learning isn’t just about memorizing facts or cramming information. It’s about understanding how knowledge applies in the real world. Context-driven learning enhances retention and comprehension by embedding learning experiences in real-life scenarios. With the advancement of digital education, context-driven learning apps are revolut...
25 February 2025 /ai /startups
Chris Poulios Product Marketing Manager at Moveo.AI
As 72% of financial firms already integrate AI into operations, they face a critical choice between industry-specific LLMs and general-purpose models like GPT-4. Should they invest in banking-specific Large Language Models (LLMs) trained on financial data, or leverage general-purpose models like GPT-4 and DeekSeek? Understanding Large Language M...
18 February 2025 /ai
Shailendra Prajapati Associate AI Engineer at Compunnel Inc.
A New Risk Landscape As digital payments surge in India, so does the threat from increasingly sophisticated fraud schemes. The Reserve Bank of India (RBI) recently warned lenders about a dramatic rise in digital fraud, prompting urgent regulatory measures. According to Reuters, the RBI is set to introduce exclusive domain names ‘bank.in’ for banks...
14 February 2025 /ai /inclusion
Addressing Fraud in a Connected World The surge in digital payments and mobile banking has transformed financial services but it has also expanded the fraud landscape. Traditional, rule-based fraud detection methods are increasingly outpaced by sophisticated cybercriminal tactics. Today, the integration of Internet of Things (IoT) devices with adv...
11 February 2025 /ai /crime
In an increasingly digital financial landscape, fraud is evolving in both scale and complexity. Financial institutions from global banks to nimble fin-techs face constant threats ranging from payment fraud to money laundering. Fortunately, artificial intelligence (AI) is emerging as the keystone technology that detects and prevents fraudulent acti...
08 February 2025 /ai /crime
Introduction: The New Frontier of Risk Management The global banking sector is navigating unprecedented challenges volatile markets, evolving regulatory demands, and increasing customer expectations for speed and accuracy. Traditional risk assessment models rely on static historical data and struggle to keep pace with modern financial complexities...
07 February 2025 /ai /inclusion
Ritesh Jain Founder at Infynit / Former COO HSBC
In my recent engagements with industry leaders, students, and AI practitioners, one question keeps surfacing: "If AI makes a mistake, who is responsible?" It’s a critical question—one that defines the future of AI governance, risk, and trust. Some argue that AI is just a tool, shifting responsibility to the user. Others counter that busin...
06 February 2025 /ai
In the late 1990s, Garry Kasparov, one of the greatest chess grandmasters of all time, lost to IBM's Deep Blue. It was a defining moment that signalled the beginning of an era where machines could outperform humans in raw computation. Today, AI chess engines can beat the best players in the world, but interestingly, human-AI hybrid teams still out...
03 February 2025 /ai /predictions
Artificial intelligence (AI) has long been a battleground for technological supremacy, dominated by a few powerful players. The arrival of DeepSeek-R1, a revolutionary large language model (LLM) developed in China, marks a pivotal shift in this landscape. Unlike the resource-intensive, proprietary systems pioneered by US-based giants like OpenAI an...
27 January 2025 /ai
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