News
10 AI ML In Banking And Finances Trends To Look Out For In 2024
November 28, 2023
source: aithority.com
With a CAGR of 32.6% between 2021 and 2030, the worldwide AI in the banking market is expected to expand from its 2020 valuation of $3.88 billion to a total of $64.03 billion.
Financial institutions rapidly exploring the benefits of AI
November 27, 2023
source: retailbankerinternational.com
37% of financial institutions have improved or deployed AI technology in the last 12 months, rising from 30% in 2022
Finding value in generative AI for financial services
November 27, 2023
source: technologyreview.com
Financial services firms have started to adopt generative AI, but hurdles lie in their path toward generating income from the new technology.
The CFA Institute’s senior head of research outlines the risks surrounding AI’s reshaping of the finance industry and the efforts needed beyond regulation.
AI implementation in the financial field: Prognosis and perspectives for 2024
November 16, 2023
source: maddyness.com
The rapid sophistication of technology and the growth of access to big data make the financial field a perfect ground for the implementation of innovative decisions based on AI.
AI implementation empowers financial institutions to make data-driven decisions, gain valuable market insights and enhance overall performance.
The opacity of AI decisions raises very profound questions. From risk assessment to customer engagement, AI plays a pivotal role in shaping the operations of financial institutions.
The ability to read, process and analyze vast amounts of historical data and news revolutionizes how AI can enhance client satisfaction and make more informed decisions in finance.
It’s a collective challenge that will shape not just the technology industry but potentially the future course of humanity.
The implications of biased AI models on the financial services industry
November 1, 2023
source: computerweekly.com
The Bank of England has warned of the risk artificial intelligence models present in creating bias that could pose a threat to the UK’s financial services sector
