451 Results from /ai
Freddie McMahon Director Strategy and Innovation at DF2020 Ltd
As the pace of change continues to accelerate faster and faster, it has become overwhelmingly clear that training is no longer fit for purpose, to address the ever-widening knowledge gap. This is not to say that training is superfluous, but it should not be deployed when there are viable alternatives that are more efficient and effective and opera...
30 June 2018 /ai /regulation Fintech innovation and startups
Within traditional Financial Services there is a common belief that regulation has fundamentally constrained the industry, but at the same time innovation through FinTech has blossomed. The Regulators do not believe regulation is a constraint to good business and have worked closely with FinTech. Something feels out of kilter! Maybe it’s time we f...
23 June 2018 /ai /regulation Internal Auditors in Financial Services
Retired Member
The inexorable advance of new technologies; artificial intelligence (AI), machine learning (ML), big data and cloud computing are transforming financial institutions and markets. Machine learning in particular, is rapidly gaining traction in the world of model risk management, where the increased number of models to be managed, requires a consolid...
21 June 2018 /ai /regulation
Ambrish Parmar Digital Leader, Strategist, at Thought leader and Start-up Advisor
Time to read: 5 minutes The rise of the algorithm | governed by the algorithm Last week the UK Regulators’ (FSA and PRA) jointly issued a significant individual penalty and organisational special requirements sanction against a UK universal bank for conduct violations*. Having occupied senior leadership roles on a number of UK conduct risk/past bu...
20 June 2018 /ai /retail Banking Strategy, Digital and Transformation
A continuous strive towards making payment faster and easier is embracing technology innovation, like never before, which at the same time is creating newer risk exposures for frauds and money laundering. Multi-dimensional initiatives around setting up new infrastructure (RTP in the US, NPP in AUS), building new services/channels (Zelle, fragmente...
17 June 2018 /ai /payments Payments strategies 2015-2020-2030
A lot of chatbot projects in regulated sectors, especially financial services, have reached the realisation that Natural Language Processing (NLP) has severe limitations compared to the unabated hype. NLP is powered by machine learning. Let’s call it a more realistic name. Machine-controlled learning. There are several suitable conversational a...
15 June 2018 /ai Futuristic Banking
As a CTO I have been awed by the multiple options for the business application of new technologies. I always put myself in the place of our customers and understand why there are so many organisations grappling with the power of the Blockchain and Artificial Intelligence (AI) and how to make them real. From my days working at a large financial com...
14 June 2018 /ai Capital Markets Technology
Kannan Amaresh Senior VP & Global Head - Insurance at Infosys
Even a casual look into the history of insurance reveals its rapid evolution over the last decade - from a slow-paced and highly regulated industry, to one consumed with technology transformation. Till recently, insurers have grappled with challenges of engaging millennials, managing investments, simplifying systems, improving combined ratios, and ...
12 June 2018 /ai Innovation in Financial Services
Rakesh Chhabra Assistant Vice President at Genpact
In the last few years, most of the boardroom discussions have echoed the word “digital first”, thanks to internet initially and smart phones later. The strategies around customer centric approach have also evolved from having a CRM system in place, providing multiple channels to interact, creating a seamless experience through multiple channels an...
11 June 2018 /ai /retail
Frugal Engineering is the science of breaking up complex engineering processes to reduce the complexity and cost of producing products, without compromising quality. One example of Frugal Engineering is the use of emergent tools designed for people to build and deploy chatbot products without the need for software engineers. Within these authoring ...
08 June 2018 /ai Operational Risk Management
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