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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. Regulatory compliance.

Banking 132
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Customer centricity: How Mashreq Bank is placing its customers at the forefront of its operations.

CIO Business Intelligence

Mohamed Salah Abdel Hamid Abdel Razek, Senior Executive Vice President and Group Head of Tech, Transformation & Information, Mashreq explains how the bank is integrating advanced technologies and expanding its digital footprint. This approach has significantly enhanced the customer banking experience.

Banking 117
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Modernizing the mainframe for the digital era

CIO Business Intelligence

I’m a banking technologist,” says the CIO for retail, business, and digital banking at M&T Bank. He’s doing just that on the bank’s IBM Z system mainframes, for which the bank has written some 10 million lines of code over the years. The bank’s use of its mainframes is two-pronged. M&T Bank.

IBM 144
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Gen AI without the risks

CIO Business Intelligence

Here are six tips for developing and deploying AI without huge investments in expert staff or exotic hardware. Don’t reinvent the wheel—start with a foundation model A business could invest in developing its own models for its unique applications. Not at all.

Intel 128
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3 ways to advance sustainability in high performance computing

CIO Business Intelligence

There are three ways to do this: Maximize hardware energy efficiency Consolidate infrastructure Use renewable energy sources Deploying Energy-Efficient Hardware The Hyperion Research study found three geo-specific motivations for the heightened prioritization of sustainability in HPC deployments.

Dell 104
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Why cloud evolution needs a cohesive approach to succeed

CIO Business Intelligence

Loan management simplified Large banks have tens of thousands of loan customers. This allows banks to minimise the risks associated with their loan accounts in a flexible, cost-effective way.

Cloud 95
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NLP Isn’t Enough. Leading Financial Services Companies Are Now Moving to Conversational AI.

CIO Business Intelligence

Today, most banks, insurance companies, and other kinds of financial services firms have deployed natural language processing (NLP) tools to address some of their customer service needs. Juniper Research predicts that chatbots will account for 79% of successful mobile banking interactions in 2023.