Raktim Singh Senior Industry Principal at Infosys
A Scalable Vector Database, a cutting-edge solution, is meticulously designed to efficiently manage high-dimensional vector data. Unlike traditional databases that handle data types such as strings and integers, vector databases are specifically engineered to store, index, and query vectors, which are numerical arrays representing features or chara...
25 June 2024 /ai /retail Technology for Social Good
Simon Kent Global Head of Financial Services at Kearney
Artificial intelligence (AI) is set to transform the banking industry as we know it, and top management in the sector must prepare for this period of disruption before it is too late. If they do, the rewards are significant with industry leaders already predicting that AI could boost revenues by almost $1 trillion by 2030[1]. While banks are curre...
24 June 2024 /ai /retail Banking Strategy, Digital and Transformation
Binh Dang Marketing Executive at smartKYC
In recent years, Know Your Customer (KYC) processes have become increasingly critical for financial institutions and other regulated entities to mitigate risks associated with money laundering, fraud, and terrorism financing. However, traditional KYC methods are often time-consuming, manual, and prone to errors The emergence of Natural Language Pr...
24 June 2024 /ai /crime RegTech
Marcus Martinez Industry Advisor, Worldwide FSI at Microsoft
Generative Artificial Intelligence (GenAI) has ushered in a new era of technological advancement, bringing with it a paradigm shift in how we perceive and interact with technology. Interestingly, this wave of innovation is not just being embraced by the younger generation but is significantly being adopted by older individuals, a reversal of the t...
23 June 2024 /ai /people Artificial Intelligence
Roman Eloshvili Founder and CEO at XData Group
In the age where consumer preferences are shaped by digital convenience, online banking stands as a pivotal factor in the selection of financial institutions. Interestingly enough, an overwhelming 91% of people consider digital banking crucial when choosing a bank. Despite this, the satisfaction with online banking services has seen a decline, wi...
21 June 2024 /ai /inclusion Artificial Intelligence and Financial Services
Concept of Self Supervised Learning Self-supervised models generate implicit labels from unstructured data rather than relying on labeled datasets for supervisory signals. Self-supervised learning (SSL), a transformative subset of machine learning, liberates models from the need for manual tagging. Unlike traditional learning that relies on labeled...
20 June 2024 /ai /retail Technology for Social Good
Steve Wilcockson Product Marketing at Quantexa
The problem: Generative AI Large Language Models (LLMs) can only answer questions or complete tasks based on what they been trained on - unless they’re given access to external knowledge, like your organization’s knowledge. LLMs can be fine-tuned, but it's an expensive endeavor. As a result, deploying enterprise context in conjunction with LLMs has...
18 June 2024 /ai /identity Artificial Intelligence and Financial Services
A knowledge graph, is a graph that depicts the relationship between real-world entities, such as objects, events, situations, and concepts. This information is typically stored in a graph database and subsequently represented as a graph structure, which is the basis for the term "knowledge graph." History of Knowledge Graphs The concept...
17 June 2024 /ai /retail Technology for Social Good
Alex Ford President, North America at Encompass | RegTech Association | Women in RegTech
Regulating AI: Opening up the RegTech conversation with AI experts and regulators with Women In RegTech New York (WIRTNY) and Rise, by Barclays. Setting the scene As the development and adoption of AI and Generative AI across industries including financial services has dominated headlines in recent months, so too have questions around the regulato...
17 June 2024 /ai /regulation Artificial Intelligence and Financial Services
Jose Pierre CEO at Marketware International, Inc.
In the complex and ever-evolving world of wealth and asset management, strategic consulting plays a pivotal role in shaping the future of firms and ensuring their sustained growth and competitiveness. At its core, strategic consulting involves providing expert guidance and actionable insights to navigate challenges, capitalize on opportunities, an...
15 June 2024 /ai /wealth Fintech World
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