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…
Tag: virtual assistant
Ai Weekly – Sept 29
The Rapid Adoption of Generative AI “The RPS revealed that in August 2024 almost 40% of the U.S. population ages 18 to 64 used generative AI to some degree, and almost 1 in 3 respondents said they used it daily or at least once but not every day during the week prior to the survey….
Ai Weekly – Sept 16
JPMorgan Chase to equip 140K workers with genAI tool “JPMorgan Chase is rolling out artificial intelligence assistant LLM Suite to 140,000 employees, the bank’s president, Daniel Pinto,said Tuesday during the Barclays Global Financial Services conference. As part of the bank’s AI strategy, assessments are also underway to identify how to optimize operational services and “every single process”…
Ai Weekly Spotlight – Sept 2
Practical AI Applications in Banking and Finance “First, Sarah Hinkfuss, Partner at Bain Capital Ventures, talks about how banks are currently leveraging AI to solve actual problems, offers examples on how AI is improving the customer journey, looks at how firms can ensure transparency when implementing AI, addresses misconceptions around AI, and discusses how to…
Ai Weekly Spotlight – Aug 25
What Is An AI-First Mindset? “This is the idea of the AI-first mindset. As AI increasingly provides people with advantages, people are starting to act differently with AI so they can incorporate those advantages into their everyday lives. At a high level, an AI first mindset represents an intentional approach to integrating AI into all…