Artificial Intelligence - Long Reads, News, Articles & Research: Finextra

What is agentic AI, and why should banks or customers care?

Scott Hamilton Contributing Editor at Finextra Research

What is agentic AI, and why should banks or customers care?

You’ll soon be hearing a lot about agentic AI, if you haven’t already. The World Economic Forum defines and explains agentic AI and its impact in a recent article on the topic, noting how this discipline/approach/tool “will transform” the financial services industry. “Agentic artificial intelligence (AI) goes beyond generative AI (GenAI) by enabli...

16 December 2024 /ai

What is the global AI legislative outlook?

Dominique Dierks Senior Content Manager at Finextra

What is the global AI legislative outlook?

The EU AI Act made history as the world's first AI legislation when it entered into force in August 2024. We have now entered a 24-month transitional period during which delegated legislation, guidelines, and standards are being drafted and published across all EU member states. The regulatory framework is designed to identify varying levels of ri...

16 December 2024 /ai

Which are the most impactful AI use cases for financial services?

Níamh Curran

Which are the most impactful AI use cases for financial services?

Artificial intelligence (AI) has quickly gone from being a far sighted fantasy to integral to the running of many industries, including financial services. Yet, for this to be a sustainable development, there needs to be some resistance to the large amounts of hype around AI. This is an excerpt from The Future of AI in Financial Services 2025 rep...

11 December 2024 /ai

How AI can be embraced by financial services

Hamish Monk Senior Reporter at Finextra

How AI can be embraced by financial services

While artificial intelligence (AI) is not a new concept, having been first explored by a research group in the 1950s, its widespread industrial application has only just begun. This is an excerpt from The Future of AI in Financial Services 2025 report, which was a special edition for the inaugural Finextra event, NextGen AI. Click here to read th...

10 December 2024 /ai

Where is AI winning, and heading next in financial services?

Scott Hamilton Contributing Editor at Finextra Research

Where is AI winning, and heading next in financial services?

The Evident AI Symposium in New York City saw insightful, and occasionally incisive, roundtable discussions on the current state of the AI industry across a number of related topics, with a specific focus on the financial services field. Opening remarks from Teresa Heitsenrether, chief data and analytics officer for JP Morgan Chase provided an o...

22 November 2024 /ai

AI can make P2P lending safer and more fruitful for investors

Yi Ding Assistant Professor at Gillmore Centre, Warwick

AI can make P2P lending safer and more fruitful for investors

Peer-to-peer (P2P) lending was born from the idea that cutting out the middle man – i.e. the bank – could make finance cheaper and more accessible. But in recent years, the lack of an intermediary has arguably undermined a key part of the sector, namely the secondary market for trading in existing P2P loans. Could artificial intelligence (AI) chan...

19 November 2024 /ai

Scaling AI in European banking: A practical framework for success

John Barber Vice President and Head at Infosys Finacle

Scaling AI in European banking: A practical framework for success

This article has been co-authored by John Barber, Regional Manager - Europe, Infosys Finacle, Narasimha Prasad Nagaraja, senior director at Infosys Finacle, and Ramprasath Ganesaraja, head of AI research at Infosys Finacle. A practical guide to reaching the promised land In our previous article, Forget Fintech Disruption—Here's How European Banks C...

14 November 2024 /ai

What is automation in financial services?

Hamish Monk Senior Reporter at Finextra

What is automation in financial services?

In the context of financial services, automation is achieved by the deployment of numerous technologies, in various contexts, by all kinds of entities. Whether it's smart automation by start-ups for artificial intelligence (AI)-powered enterprise resource planning (ERP) tagging systems, generative AI automation for risk detection by large banks,...

12 November 2024 /ai

Hamish Monk Senior Reporter at Finextra

Understanding AI for personalisation

The term ‘artificial intelligence’ was coined in an August 1955 study proposal, by a group of academics and technology developers. The workshop on the subject took place one year later. In December 1955, Herbert Simon and Allen Newell developed ‘Logic Theorist’, which is today considered the first ever artificial intelligence (AI) program. Since t...

29 October 2024 /ai

US 2024 election: How AI policy differences will impact financial institutions and fintechs

Scott Hamilton Contributing Editor at Finextra Research

US 2024 election: How AI policy differences will impact financial institutions and fintechs

Kamala Harris and Donald Trump’s artificial intelligence (AI) regulation and/or promotion within the financial services and fintech arena likely won’t differ much this November, based on a consensus of opinions found from experts in the field. At least not initially, say expert issue-watchers from sources such as the Center for Strategic & Int...

29 October 2024 /ai

What California's AI Safety Bill SB 1047 means for fintech

Madhvi Sonia Head of Content at Finextra

What California's AI Safety Bill SB 1047 means for fintech

The Wall Street Journal reported this week that SB 1047, the first-of-its-kind, controversial AI safety state bill that had Silicon Valley tech giants such as Meta, Google and OpenAI divided, had been vetoed by California Governor Gavin Newsom. Here’s everything you need to know. What is SB 1047? Also known as the Safe and Secure Innovation fo...

01 October 2024 /ai

How can a nonprofit become a for-profit?

Madhvi Sonia Head of Content at Finextra

How can a nonprofit become a for-profit?

OpenAI is restructuring to no longer be led by a non-profit board, and will become a for-profit company, as exclusively reported by Reuters. The ChatGPT creator will own a minority stake in the for-profit and CEO Sam Altman will receive equity in OpenAI, predicted to be worth $150 billion and removing the cap on returns for investors. This news ...

30 September 2024 /ai

Long reads