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FFIEC Updates Its Cybersecurity Guidelines For Financial Institutions

ForAllSecure

On October 3, 2022, the Federal Financial Institutions Examination Council's ( FFIEC ) updated its 2018 Cybersecurity Resource Guide for Financial Institutions. Additionally, the Council collects consumer financial data from these institutions and makes it available to aid in risk management, consumer protection and policy making.

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Fostering Innovation at Discover Financial Services

CIO Business Intelligence

At Discover® Financial Services, it lies at the heart of the company’s business goals and growth. Innovation is about modernization, it’s about optimization,” said Dan Gisolfi, Distinguished Engineer, Head of Innovation and Intellectual Property at Discover Financial Services. Innovation has a different meaning for every organization.

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Zhixiaobao 2.0: A possible leap in financial AI

Dataconomy

• Quick take: Ant Group aims to redefine financial advising and insurance services with the introduction of a specialized Large Language Model (LLM) and its customer-centric app, Zhixiaobao 2.0. are designed to provide targeted, highly accurate advice to both financial professionals and everyday consumers. Zhixiaobao 2.0

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US lawmakers advance bill to close loopholes in AI export controls

CIO Business Intelligence

We must understand that whoever sets the rules on its application will win this great power competition and determine the global balance of power.” As the potential user base shrinks due to regulatory restrictions, the per-unit cost for remaining users is likely to increase, affecting the financial dynamics in the medium term.

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Safeguarding Ethical Development in ChatGPT and Other LLMs

SecureWorld News

This first installment is "Safeguarding Ethical Development in ChatGPT and Other LLMs through a Comprehensive Approach: Integrating Security, Psychological Considerations, and Governance." Hostile threat actors assume the role of a medical provider, financial institution, or other legitimate supplier (impersonation).

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The new CIO mandate: Selling AI to employees

CIO Business Intelligence

As organizations roll out AI applications and AI-enabled smartphones and devices, IT leaders may need to sell the benefits to employees or risk those investments falling short of business expectations. Our responsibility as CIOs is certainly to fund and empower work to develop and implement AI tools safely in our workplace.”

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Pros and cons of low-code development platforms

mrc's Cup of Joe Blog

Summary: A growing trend, low-code development claims to address many of the common challenges facing businesses today. photo credit: ppokta via pixabay cc According to Forrester Research , the low-code development platform market is growing by 50% year-over-year. At best it’s annoying and at worst there are financial repercussions.”.