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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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Ritesh Jain Founder at Infynit / Former COO HSBC
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
Steve Morgan Banking Industry Market Lead at Pegasystems
The financial services sector has reached a turning point in the adoption of AI. The UK banking sector in particular has seen a remarkable increase, with AI adoption rates effectively doubling in recent years spurred by pioneering innovations from major players like OpenAI, Google, and AWS. This swift embrace of technology presents an exciting arr...
14 January 2025 /ai /retail
Elaine Mullan Head of Marketing and Business Development at Corlytics
My teen daughter wandered past me with our weighing scales, the type you stand on, not the ones for baking. I asked her what she was doing with them and she responded that she was weighing herself as she planned to lose weight. I asked her how she was planning to do this, fearing weird diets and super fixation on body size, but she laughed and t...
07 January 2025 /ai /people
Prashant Bhardwaj Innovation Manager at Crif
As we step into 2025, the cybersecurity landscape is poised for a dramatic transformation driven by the dual-edged sword of artificial intelligence (AI). While AI has the potential to enhance security measures, it also equips cybercriminals with advanced tools to perpetrate increasingly sophisticated attacks. This article explores the emerging tr
29 December 2024 /ai /crime
As we approach 2025, the intersection of banking and generative AI presents a pivotal moment for financial institutions. Trust, the cornerstone of banking for centuries, is now being challenged and redefined by technological advancements. With global investments in generative AI projected to reach $1.68 billion, banks must navigate this evolving
19 December 2024 /ai /inclusion
Ruban Phukan CEO & Co-Founder at GoodGist
Finance professionals are no strangers to dealing with vast quantities of information from diverse sources, and this creates the challenge of managing and interpreting the data efficiently. This phenomenon is known as βinformation overloadβ and can overwhelm even the most organized and diligent decision-makers, leading to delays in reporting and o...
18 December 2024 /ai /cloud
Todd Adams Engineering Director at GFT
Generative AI (Gen AI) is all the buzz right now, with seemingly unlimited potential to transform our lives and our business.β―However, the reality is that taking an idea from a concept to a highly accurate process in production is far from easy. A balanced approach to transformation through Gen AI is essential to enhance the technology's power ef
16 December 2024 /ai
Boris Bialek Vice President and Field CTO, Industry Solutions at MongoDB
Interactive banking marks a new era in financial services, where customers engage with digital platforms that anticipate, understand, and meet their needs in real-time. This approach leverages AI-driven technologies such as chatbots, virtual assistants, and predictive analytics, enabling banks to enhance digital self-service while delivering perso...
11 December 2024 /ai
Mark Sheldon Chief Technology Officer at Sidetrade
Major AI companies may be leading the way with the creation of LLMs, generalist GenAI chatbots and early use cases of intelligent agents, but niche companies that have invested in building up proprietary specialist user data have the potential to come out on top in domain-specific generative AI. Thanks to the boom of LLMs and generative AI, Big Te...
10 December 2024 /ai
Mike Dekock Founder and CEO at MJD Advisors
Itβs easy to understand how an annual risk assessment can feel like a mundane administrative burden, especially in the fast-paced financial services sector. In an industry where the stakes are high, the pace relentless, and customer trust paramount, itβs tempting to reduce this essential exercise to checking a box. The idea of formally evaluating ...
09 December 2024 /ai /regulation
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