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Should finance organizations bank on Generative AI?

CIO Business Intelligence

As I work with financial services and banking organizations around the world, one thing is clear: AI and generative AI are hot topics of conversation. In the finance and banking industry, however, organizations are seeking extra guidance on the best way forward. In short, yes. But it’s an evolution. Financial assistant. Automation.

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AI, predictive analytics top list of hot technologies for banks

CIO Business Intelligence

Hot technologies for banks also include 5G , natural language processing (NLP) , microservices architecture , and computer vision, according to Forrester’s recent Top Emerging Technologies in Banking In 2022 report. 5G aids customer service. 5G aids customer service.

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U.S. Banks Say Russian Cyberattacks Increasing

SecureWorld News

The New York Post reports that United States banks are witnessing a significant increase in cyberattacks since NATO and many Western allies imposed financial sanctions on Russia, saying that it seems the country has declared cyberwar on the U.S. Bank executives say they spend billions annually to defend against these kinds of attacks.

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UBS Acquires Credit Suisse: A Trust Crisis That Continues To Unravel

Forrester IT

While each theme deserves its own analysis, the sum of these events provides a crisp example of how the bank undermined the very definition of trust that ultimately caused its collapse. Here, we discuss the implications of the “rescue” of Credit Suisse by UBS.

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How Preparation and Strategy Can Be Used to Fight and Defeat Any Ransomware Attack

Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

As a result, data protection needs to be a concern for most banks, businesses, and information technology specialists. Through a detailed analysis of major attacks and their consequences, Karl Camilleri, Cloud Services Product Manager at phoenixNAP, will provide you with best practices for attack prevention and recovery.

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MWC 2024 Replay: Huawei unlocks resilient, ‘non-stop’ banking with four-pronged solutions strategy

CIO Business Intelligence

With the goal to enhance intelligence in the digital banking arena, Huawei has unveiled a new framework to bolster infrastructure resilience. In 2023, the number of cyber attacks on global banks increased by 520%, and the average service recovery time of financial institutions after ransomware attacks was 16.3

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How to Create Online Training Programs for Bank Employees

Kitaboo

Such upskilling is especially critical in the banking sector. . Things to Consider While Creating Online Training Programs for Bank Employees. Incorporation of technologies such as artificial intelligence can help banks reduce daily operation costs by up to 25%. Related Read: Best Compliance Training Ideas for BFSI Employees.

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