Invest Qatar Launches Ai.SHA, an Azure Open AI GPT-Powered Chatbot
- 3 months 3 weeks ago
- Artificial Intelligence, PaaS
The Investment Promotion Agency Qatar (Invest Qatar) has partnered with Microsoft to develop AI.SHA is an innovative AI-powered assistant harnessing GPT capabilities through the Azure OpenAI service. This groundbreaking initiative positions Invest Qatar as one of the first investment promotion agencies (IPA) in the world to adopt advanced technology, paving the way for transformative changes in professional interactions between investors and... more
Key Trends Set to Shape Fintech Throughout 2024.
- 4 months 1 week ago
- Artificial Intelligence, Banking
Innovations in fintech continued to evolve over the course of 2023. Leading into 2024, Gen Z continues to lead the way with fintech service adoption as digital wallet use surges, and the adoption of AI advances the industry.
AI is a Tool Not a Magic Trick
- 4 months 1 week ago
- Artificial Intelligence
Having become more readily available, generative AI has captured the public’s attention and sparked concerns around its accuracy and bias. Global analytics software leader FICO is highlighting that all data is biased, and when it is used to build AI appropriate interpretable machine learning, algorithms and guardrails need to be employed.
UK Consumers Divided on Use of Generative AI in Banking – But 62% Believe Regulation Would Increase Trust, Reveals New Research by FIS
- 4 months 1 week ago
- Artificial Intelligence, Personal Finance
FIS®, a global leader in financial services technology, has conducted new consumer research into the extent to which people understand and trust generative artificial intelligence (GenAI), as well as their attitudes towards the emerging technology’s role in personal finance and banking.
Mambu Reveals Top Financial Trends Set to Shape the Industry in 2024
- 4 months 2 weeks ago
- Artificial Intelligence, Banking
Mambu, the
Airwallex Improves Customer Onboarding with Generative AI
- 4 months 2 weeks ago
- Artificial Intelligence
Airwallex today shared data on the impact of a new generative AI tool that enhances the speed and efficacy of its “Know your Customer” (KYC) and onboarding processes. The new tool reduces ‘false positives’ by 50 percent on average, while boosting the number of customers that pass through the onboarding process without human intervention by 20 percent.1
Moody’s Launches Moody’s Research Assistant, a GenAI Tool to Power Analytic Insights
- 4 months 3 weeks ago
- Artificial Intelligence, Financial
Moody's Corporation today announced the launch of Moody’s Research Assistant, a first-of-its-kind search and analytical tool powered by generative artificial intelligence (GenAI). Leveraging Moody’s extensive proprietary content and the latest large language models (LLMs), the product helps customers generate new insights from the breadth and depth of Moody’s credit research, data, and analytics.
Lucinity Estimates $27 Billion Annual Savings for Banks Through Generative AI Upskilling
- 4 months 3 weeks ago
- Artificial Intelligence, Banking
Lucinity, the leader in AI for financial crime prevention, estimates that the recent advancements in generative AI can save the banking industry $27 billion annually in training and staff costs. Generative AI has the potential to significantly enhance the skills of less-experienced workers, improve the quality of their output, and result in substantial cost savings for the banking sector.
Dynamic Yield by Mastercard Unveils Shopping Muse, the Next Generation Personal Retail Assistant
- 4 months 3 weeks ago
- Artificial Intelligence, Financial
Dynamic Yield by Mastercard today announced Shopping Muse, an advanced generative AI tool that revolutionizes how consumers search for and discover products in a retailer’s digital catalog.
Medius to Release First AI Workmate for the Accounts Payable Industry
- 4 months 3 weeks ago
- Artificial Intelligence
Medius, a leading provider of AP Automation and Spend Management solutions, has today revealed its plans for the first AI-powered workmate for the Accounts Payable Automation (APA) industry that delivers a three-pronged innovation strategy in the way invoices are processed.
Finastra Global Survey Reveals Excitement Around Pace of Change in Financial Services Industry and the Potential of Generative AI
- 4 months 4 weeks ago
- Artificial Intelligence
Finastra’s annual global survey reveals that, despite economic constraints, financial institutions globally continue to invest in artificial intelligence (AI), Banking as a Service (BaaS) and embedded finance.
Majority of Banks Are Piloting Opportunities of Generative Ai - and Preparing for the Risks, According to New Industry Study
- 4 months 4 weeks ago
- Artificial Intelligence, Banking
UK Finance and global management consultancy Oliver Wyman today released their report on the use of AI in financial services (FS), and the future opportunities and risks for the sector. It includes a snapshot survey of 23 companies ranging from international to mid-size banks and non-banking FS firms.
Ripjar Expands AI Risk Profile Capabilities with Generative AI
- 5 months 4 days ago
- Artificial Intelligence, Financial
Ripjar, the trusted provider for monitoring and investigating threats, risks and criminal activity, today announces the launch of AI Summaries, an extension to its Labyrinth Screening platform. AI Summaries builds on Ripjar’s existing AI Risk Profiles feature, which assembles screening information into single 360° profile views for people and companies, identifying areas of relevant risk across adverse media, sanctions, watchlists and... more
Update for GFT AI.DA Marketplace: AI Support for Complex Product Development
- 5 months 1 week ago
- Artificial Intelligence
Development processes are often complex and non-transparent. In the automotive industry, for example, many thousands of employees in hundreds of teams are usually involved in the development of new vehicles. Engenion from GFT uses AI to create transparency. This allows projects to be carried out much more efficiently.
IDVerse Offers the Mastercard Engage Partner Program An Inclusive Digital First Experience
- 5 months 2 weeks ago
- Artificial Intelligence, Digital Identity
World-leading digital ID verification company IDVerse (previously known as OCR Labs Global) today announces joining the Mastercard Engage partner program to offer a fully automated identity verification solution to Mastercard customers.
