Banking tech alliance drafts enterprise AI adoption guidelines
“The Fintech Open Source Foundation, known as FINOS, published the first draft of an AI adoption framework for financial institutions Tuesday. The document details common large language model risks and governance measures to guide successful deployments. ‘The main obstacle to adoption of GenAI in financial services is the lack of a compliance framework,’ FINOS Executive Director Gabriele Columbro told CIO Dive. ‘We absolutely need a shared standard interpretation of what AI readiness means.’”
Future Banking Will Track Emotions: The Emotional AI Frontier In Finance
“The primary driver behind the emotional AI technology is personalization. In an increasingly competitive market, banks are often looking for ways to differentiate themselves by offering not just products but personalized experiences that resonate on a deeper level with their customers. Emotional AI could allow banks to move beyond generic customer profiles to deliver experiences that are truly tailored to the individual.”
Backbase unveils Intelligence Fabric to unlock AI-productivity gains for banks
“Customer Lifetime Orchestration: create AI-driven product activation and up-sell campaigns that enable the bank to increase the product holding per customer. AI-driven predictive nudges will provide contextual guidance to customers, promoting relevant new products such as credit cards, loans, savings, investing and insurance, all based on customer behaviour and financial history.
Advanced Financial Insights: harness AI and Machine Learning models to analyse customer data and behaviour, providing actionable insights such as early warning indicators for retail customers, cash-flow forecasting for SMBs, and customer health and viability information for relationship managers.”
This Facial Recognition Experiment With Meta’s Smart Glasses Is a Terrifying Vision of the Future
“The tool allows anyone wearing smart glasses to instantly get info on strangers, including their home address and phone number.”
AI reading coach startup Ello now lets kids create their own stories
“Ello, the AI reading companion that aims to support kids struggling to read, launched a new product on Monday that allows kids to participate in the story-creation process.”
Every White-Collar Role Will Have An AI Copilot. Then An AI Agent. | Andreessen Horowitz
“A recent study by OpenAI and the University of Pennsylvania found that with access to an LLM, about 15% of all worker tasks in the U.S. could be completed significantly faster at the same level of quality. When incorporating software and tooling built on top of LLMs (i.e., Vertical SaaS), this share increases to between 47% and 56% of all tasks. “