“Anthropic’s Mythos is a more powerful system that the AI firm has said is capable of identifying and then exploiting vulnerabilities in every major operating system and web browser when directed by a user to do so. Regulators’ caution about the power of the model in hackers’ hands echoes Anthropic’s own prudence. Anthropic has limited the release…
Tag: AI Security
Ai Weekly – Oct 27
What a global ranking of banks on AI prowess says about the tech’s ‘flywheel’ effect “This is evidence of AI’s “flywheel” effects. And it’s why those companies that have wanted to take a wait-and-see approach to the AI boom, wary of reports about how difficult it is to generate return on investment from AI projects,…
Banks face the twin-edged sword of generative AI
“Security is a paramount concern of customers, according to a survey of 1,000 consumers in September for BAI Outlook Banking Outlook: 2024 Trends. When asked to list the top ways banks and credit unions can help them manage their money more effectively, consumers cited ‘provide better fraud and identity theft protection’ as their number-one priority. The…
Banking Circle CIO: ‘AI can spot red flags that humans never could’
“Utilising AI and machine learning will influence an array of factors, from how we onboard clients to enhancing transaction monitoring. Though the fintech industry received record high investment levels last year, simultaneously 2021 was the year anti-money laundering fines rocketed. With this in mind, I urge governments and regulators alike to prioritise digital transformations and…
AI in Banking – How Artificial Intelligence is Used in Banks
“Artificial intelligence (AI) technology has become a critical disruptor in almost every industry and banking is no exception. The introduction of AI in banking apps and services has made the sector more customer-centric and technologically relevant. JPMorgan Chase: Researchers at JPMorgan Chase have developed an early warning system using AI and deep learning techniques to…