Morgan Stanley and Bank of America are focusing AI power on tools to make employees more efficient “Keeping Humans in the Loop. The decision to deploy generative AI internally first, rather than externally, was in part due to generative AI’s most notable weakness: hallucinations….Deploying generative AI internally lessens the concern. It’s not used to autonomously…
Tag: ML
Ai Weekly – Fraud Detection – May 11
Artificial intelligence for good: Using AI to stop fraud and scams in financial services “On Wednesday, May 7 the Center on Regulation and Markets at the Brookings Institution convened a panel of leading experts from Block, JP Morgan Chase, and FinRegLab to discuss the potential for AI as a new weapon to fight fraud and scams.” Read…
Ai Weekly – Apr 27
Why Incremental Progress on AI in Banking Will Be the Best Way Forward “In our incremental AI landscape, choosing partners that value a financial institution’s relationship with its employees (and those employees’ relationships to customers) will be critical. Humans will play a significant part in banking processes for a long time – as they should,…
Ai Weekly – March 2nd
Google is ditching SMS – and will now use QR codes for Gmail account authentication “Google will instead introduce on-screen QR codes that will have to be scanned with your chosen authentication device in order to verify that it is actually you trying to log in. This potentially adds an extra layer of biometric security…
Ai weekly – Dec 8
Navigating the Generative AI Frontier: Balancing Risk and Workforce Transformation in Banking “Generative AI has been heralded as a pivotal force for innovation in the financial sector. IBM’s recent study indicates that 60 percent of CEOs in the banking sector consider generative AI a strategic priority at the enterprise level. (Interviews were conducted with 3,000…