Steve Bradford Senior Vice President EMEA at SailPoint
In 2021, a wave of deepfake videos started to emerge across the internet and social media. From humorous TikTok videos of Tom Cruise, to unsettling speeches from Morgan Freeman explaining synthetic reality, AI-driven deepfakes started to capture the attention of many internet users. Over the past year, as AI has bled into the mainstream, technology...
12 June 2024 /ai /crime
Ugne Buraciene Group CEO at payabl.
As the lights dimmed on Money20/20 Europe, we witnessed another successful event filled with fruitful conversations and unique insights from industry leaders. The show concluded with a notable takeaway: instant payments are seen as the biggest opportunity for growth. This is based on a survey conducted by payabl. at the event where 27% of industr...
12 June 2024 /ai /payments
Adhikar Babu Product Manager at Worldpay
The use of AI in banking fraud detection is becoming more and more popular. Indeed, the statistics surrounding online fraud are alarming. Cybercrime imposes a significant cost on the global economy and reaches $600 billion annually, equivalent to 0.8% of the worldwide GDP. Besides, fraud attempts surged by 149% in the first quarter of 2021 compa...
11 June 2024 /ai /crime Artificial Intelligence and Financial Services
Nicole Pienkos Head of Regional Banking at FIS
“AI banking, or Artificial Intelligence in banking, refers to the application of various AI technologies such as machine learning, natural language processing, and robotic process automation within the banking and financial services industry. These technologies enable banks and financial institutions to automate processes, enhance customer service...
06 June 2024 /ai /retail Banking Strategy, Digital and Transformation
Sergei Grechkin Chief Risk Officer at AIFM Cayros Capital
The financial industry has been rapidly integrating Artificial Intelligence (AI) to enhance various aspects of its operations, including the pricing of interest rate derivative contracts. Interest rate derivatives, such as swaps, options, and futures, are essential tools for managing exposure to fluctuations in interest rates. The traditional met...
06 June 2024 /ai /predictions Artificial Intelligence and Financial Services
Matt Ryan Chief Transformation Officer at Reef
Digital Hospitality is a new paradigm in client engagement that emphasises what can be done through next-generation digital tools to engage clients. These tools have been used for years, but have significantly increased during the pandemic as face-to-face meetings became less common. Today, they are a part of many companies’ outreach efforts, so w...
06 June 2024 /ai /wealth Artificial Intelligence and Financial Services
Jeffrey Brown Principal Consultant at SLK
The popularity of ChatGPT stems from its ability to generate human-like text based on input, making it a valuable tool for various applications such as chatbots, customer service, language translation, and more. But what makes Chat GPT so irresistible? ChatGPT is not your ordinary chatbot. It goes beyond simplistic trigger or keyword-based respons...
04 June 2024 /ai Artificial Intelligence and Financial Services
Boris Bialek Field CTO, Industry Solutions at MongoDB
Real-time payments do exactly what the name implies. They refer to transactions that clear and settle (almost) instantaneously. This type of payment is characterised by settlement finality, instant confirmation, and immediately available funds. For businesses with transactions that span countries – or continents – this is invaluable in fostering s...
30 May 2024 /ai /payments Payments strategies 2015-2020-2030
Mayuri Jain Senior Manager, BFSI Industry Marketing at Persistent Systems Inc.
In the ever-evolving landscape of finance, Natural Language Processing (NLP) has emerged as a game-changer. This innovative technology, which enables computers to understand and interpret human language, is transforming the way financial institutions operate, enhancing efficiency, and offering new insights. Here’s a deep dive into why finance is i...
29 May 2024 /ai Banking
Adam Lieberman Chief AI Officer at Finastra
With the explosion of Gen AI in recent times, financial services organizations are looking to harness the technology to its fullest potential. Early forms of generative AI have been used across the industry for a decade, particularly in the form of synthetic data generation, but fear and fascination dominate boardroom conversations in equal mea
28 May 2024 /ai /regulation Artificial Intelligence and Financial Services
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