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Unleashing the power of banks’ data with generative AI

CIO Business Intelligence

The implications of generative AI on business and society are widely documented, but the banking sector faces a set of unique opportunities and challenges when it comes to adoption. If banks are to put their faith in AI, then transparency will be key to building trust. This is a problem banking leaders are increasingly aware of.

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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.

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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.

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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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Tech Leadership Churn in Australian Banks – Correcting The False Promise Of Bi-Modal IT

Forrester IT

In early March we held our 5th Annual Financial Services Summit 2020 in both Sydney and Melbourne, where I presented on how customer-obsessed CIOs are driving business success by: Accepting that the firm’s ultimate customer is also IT’s customer; Engaging across a wide, business-focused field while taking responsibility for revenue generating initiatives; (..)

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New Cyber Incident Reporting Rules for U.S. Banks

SecureWorld News

At the same time, banking organizations are a growing target for cyberattacks. One study by Trend Micro reported a 1,318% rise in ransomware attacks targeting banks in the first half of 2021. Many banks will have just a day and a half to report cyber incidents, under a new rule that will go into effect on May 1, 2022.

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2024 GeekWire Awards finalists revealed: Vote now for the best in Pacific Northwest tech

GeekWire

Public Policy Champion for Innovation, presented by WTIA, recognizes a Washington state lawmaker advocating for tech innovation. And the Geeks Give Back Award, presented by BECU, recognizes those making a community impact in the region. Special thanks to Astound Business Solutions, the presenting sponsor of the 2024 GeekWire Awards.

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