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Artificial Intelligence

After the successful launch of the Chat GPT 4.0 chatbot by OpenAI at the beginning of 2023, many businesses started testing the tools provided by artificial intelligence and the areas of their application.

Steve Morgan

Steve Morgan Banking Industry Market Lead at Pegasystems

The Criticality of Maintaining Data Quality Amid Cloud Migration and Digital Transformation

In today’s rapidly evolving financial landscape, cloud migration and the integration of advanced digital technologies are reshaping how banks operate. For example, many banks are moving their banking systems to cloud-based platforms and adopting technologies like machine learning and artificial intelligence (AI) to enhance customer service and str...

/ai /cloud

Ashish Pandey

Ashish Pandey Marketing Head at RichestSoft

How Much Does it Cost to Build An AI System?

How Much Does it Cost to Build an AI System? Building an AI system can be a transformative move for businesses. However, it involves various costs that can vary greatly depending on the type of business and the complexity of the AI system. As per my research and experience, I will break down the costs involved in building an AI system for dif

/ai

Luke Allchin

Luke Allchin Director - North America at RFI Global

AI: Opportunities, Challenges, and the Future of Financial Services

Artificial Intelligence (AI) has made significant inroads across a wide range of industries, revolutionizing the way businesses operate and interact with consumers. From healthcare to retail, AI's ability to process vast amounts of data and create meaning has given way to new efficiencies and enhanced user experiences. The banking sector, a corner...

/ai /retail

Kaustuv Ghosh

Kaustuv Ghosh Founder at Nxtgen Payment Infra. Prometheus Labs.

AI, Sustainability and Supply Chains-The Importance of ASEAN for global investors.

I was pleased to be at the Reuters NEXT APAC Conference in Singapore earlier this month. This piece considers where ASEAN is placed, why it is important for the European Union(EU), the United States and power blocs, and the big ideas that are likely to firm up into actions after this event. I have drawn upon what speakers have said and added my ow...

/wealth /sustainable

Shiv Nanda

Shiv Nanda Content Strategist at https://www.financialexpress.com/

AI Development Services: How Is It Beneficial for Your Business?

Technology in the form of artificial intelligence is a phenomenon that is changing the operations of various companies in various industries. AI development services that help businesses with solutions that boost operations are driving this evolution. What are AI development services, and how have they emerged? Where are they heading in the future...

Erica Andersen

Erica Andersen Marketing at smartR AI

My Take on the EU AI Act: A Game-Changer with Some Head-Scratchers

As someone who's been following the AI industry closely, I have to say the new European Union AI Act has really caught my attention. It's a beast of a document; 458 pages and 113 articles! When I first heard about it, I thought, "Well, there goes my weekend reading." But jokes aside, this is a big deal, folks. It's probably the most amb

/ai /regulation

Erica Andersen

Erica Andersen Marketing at smartR AI

Navigating Personal Data in LLMs: A GDPR Perspective

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...

/ai /security

Barley Laing

Barley Laing UK Managing Director at Melissa

How to prevent AI induced hallucinations

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...

/ai /retail

Marcus Martinez

Marcus Martinez Industry Advisor, Worldwide FSI at Microsoft

Harnessing Wisdom: How GenAI is Transforming Age Dynamics in Business

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...

/ai /people

Sheza Gary

Sheza Gary Project Strategiest at Self Employed

Armed With Advanced AI, Brand Impersonators Are Casting A Much Wider Net For Victims

Digital impersonation scams are emerging as the “new normal” in the cybercrime industry, with recent research highlighting the lucrative nature of such attacks, a rise in the use of AI to enable them, and the inability of brands to protect their customers. The rapid growth of “brandjacking attacks” was the main focus of a June report from Cisco Ta...

/ai

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