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AI bias poses danger to the financial sector, Bank of England warns

Computerworld Vertical IT

The implicit bias of present-day generative AI models make their rapid adoption in the financial sector hazardous, according to a report by a financial technology expert working for the Bank of England. To read this article in full, please click here

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AI bias poses danger to the financial sector, Bank of England warns

ComputerWorld IT Management

The implicit bias of present-day generative AI models make their rapid adoption in the financial sector hazardous, according to a report by a financial technology expert working for the Bank of England. To read this article in full, please click here

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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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Innovating Services for a Digital, Intelligent Future

CIO Business Intelligence

The last five years has seen Huawei invest more than 550 million US dollars in developing end-to-end software and services solutions, continuously innovating to improve service quality. said Mr. Ari Rahman during his presentation for Huawei at MWC 2024.

Banking 130
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Digital banking boosts financial inclusion, new business models in Africa

CIO Business Intelligence

In early 2021, a wave of digital innovation in the African financial sector, born out of a response to the tight grip of the pandemic, fuelled services and applications that had the potential to really shake up the banking sector. African banks rush to offer new services. Fintech lowers costs for banks and consumers.

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India’s Budget 2023: What It Means For Financial Services And FinTechs?

Forrester IT

I looked at the Budget 2023 that India’s Finance Minister presented on Feb 1st 2023. On that day, India’s Prime Minister tweeted, “This year’s Budget infuses new energy to India’s development trajectory”. I find that he was not far off the mark.

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CIOs weigh where to place AI bets — and how to de-risk them

CIO Business Intelligence

Given existing relationships with Webster Bank, that includes AWS and Microsoft. To find promising use cases, Webster Bank canvassed several dozen proposals and decided to start with three that could deliver tangible benefits. We have been developing our own internal AI capability over the last few years using open-source models.

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