Erica Andersen Marketing at smartR AI
In a recent talk I attended, a legal expert advised against inputting personal data into AI models. But is this blanket statement truly accurate? The reality is far more nuanced, especially when we consider GDPR, the gold standard for personal data protection. This article explores how GDPR intersects with the use of personal information in AI mod...
16 July 2024 /ai /security Artificial Intelligence
Kaustuv Ghosh Founder at Nxtgen Payment Infra. Prometheus Labs.
Introduction This blog is based on an article co-authored along with Matthew Lamons, CEO of The Intelligence Factory and is an edited version of the same article. As a matter of introduction and context, we work closely together to enable strategic decisioning and risk mitigation through AI. We felt that the current global risk situation requ
16 July 2024 /ai /security Artificial Intelligence and Financial Services
Eldad Tamir Founder and CEO at FINQ
Embarking on an investment journey can be exciting yet daunting, particularly for young and new investors. Starting early is crucial, allowing time to benefit from compound interest and to recover from market fluctuations. Recognizing the challenges faced by new investors is the first step towards overcoming them. Embrace long-term investing A lo...
14 July 2024 /ai /startups Artificial Intelligence and Financial Services
Let’s talk about AI and remittances. Despite the enormous size and tremendous importance of the money transfer industry, little is heard about how AI is used or is proposed to be used. There are the usual mentions of Generative AI and some references about future developments. One reason for the paucity in news could simply be that many firms pref...
14 July 2024 /ai /payments Asia Financial Services
Raktim Singh Senior Industry Principal at Infosys
Vision Transformers, or ViTs, are a groundbreaking learning model designed for tasks in computer vision, particularly image recognition. Unlike CNNs, which use convolutions for image processing, ViTs employ a transformer architecture inspired by its success in natural language processing (NLP) applications. ViTs convert image data into sequences, s...
12 July 2024 /ai /predictions Technology for Social Good
Luke Allchin Director - North America at RFI Global
The evolving demands of modern banking consumers will force incumbent banks in the United States to adapt in order to remain competitive in a rapidly changing banking landscape. In recent years, the banking landscape in the United States has undergone significant change. In a market where the average relationship with the primary bank is 16.6 years...
11 July 2024 /ai /retail Banking Strategy, Digital and Transformation
Harriet Christie Chief Operating Officer at Mirrorweb
In March 2023, SEC Chairman Gary Gensler described Artificial Intelligence as “the most transformative technology of our time, on par with the internet and mass production of automobiles". When any groundbreaking tool arrives, a period of adaptation is required. This is more pronounced for regulators, who need to quickly assimilate enough inf...
11 July 2024 /ai /regulation RegTech
AI has become the hottest buzzword of the decade, with chatGPT—last year alone growing to 100,000,000 users within three months—the fastest growth in a new product ever. Since then, everyone, from startups to old-line businesses, has rushed to claim they are doing it. It’s no wonder, as McKinsey’s report, “Mind the Gap: AI Leaders Pulling Ahead” ...
09 July 2024 /ai Artificial Intelligence and Financial Services
Barley Laing UK Managing Director at Melissa
In the financial services sector the transformative power of artificial intelligence (AI) promises to, and in many cases already is, driving real-time business success. From enhancing data-driven insight and productivity, to improving fraud detection and customer experience. However, in the rush to adopt AI many haven’t taken into consideration ho...
09 July 2024 /ai /retail Artificial Intelligence
Scott Zoldi Chief Analytics Officer at FICO
Almost every new technology cycles through phases. Initial hype about the exciting possibilities the tech could present leads to it becoming a much discussed and debated topic, with early adopters rushing to jump onboard. This hype is followed by teething problems, limitations and unmet expectations coming to light, trust waning and popularity cra...
05 July 2024 /ai Artificial Intelligence and Financial Services
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.