AI
How Data Is Changing the Future of Banking
Banks collect and hold huge quantities of usable data, and many are already successfully applying big data and AI across various business cases. The potential to optimise data use through a data-driven banking strategy is enormous, especially for smaller banks.
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Temenos Launches AI-Powered LEAP to Accelerate Banks’ Cloud Migration
Banking software company Temenos has launched LEAP, an AI-powered initiative designed to help banks transition smoothly to advanced cloud-based platforms. LEAP is designed to enable banks to move away from older systems to a more contemporary, API-driven platform. The programme
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Top 10 Banking Trends in 2024 that Will Define the Sector
In 2024, the banking sector is witnessing a pivotal transformation driven by advanced technologies like AI and cloud computing, evolving customer demands, and changing regulatory landscapes. This evolution reflects the dynamic shift seen a quarter century ago with the Digital
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Broadridge Unveils Gen AI-Powered OpsGPT to Navigate Post-Trade Complexities
Broadridge Financial Solutions has unveiled OpsGPT to assist operations users, analysts, and management teams in navigating the complexities of post-trade activities. OpsGPT, which integrates Generative AI (GenAI) and Large Language Model (LLM) technologies, leverages data from transactions, settlements, and positions.
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Paytm to Invest 100 Crore in GIFT City, Aims to Set Up New Development Center
Indian payment firm Paytm‘s parent company One97 Communications Limited (OCL) announced that it will invest Rs 100 crore (US$ 12 million) in Gujarat International Finance Tec-City (GIFT City). The investment, which will be made over a certain period, is still
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Singapore Outpaces Australia, US, and UK in Generative AI Trust, FIS Study Shows
A recent study by global payments service provider FIS found that Generative AI in Singapore exhibits higher rates of trust amongst its citizens compared to their counterparts in major markets such as Australia, the UK, and the US. The study
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Swift Invites Fintech Pioneers to Join AI-Based Cross-Border Innovation Challenge
Swift has announced the launch of its first-ever “The Innovation Challenges” that invites participants to create AI-based solutions aimed at improving the efficiency and security of cross-border transactions. Registration is now open until 15 January 2024. The challenge arises from
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Will Generative AI Fundamentally Reshape Banking?
A technology revolution is underway that stands to transform the banking industry fundamentally. Generative AI, which burst onto the scene in early 2023, leverages advanced natural language models to automate a vast range of cognitive tasks. As this versatile innovation
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6 Fintech Resources in Asia to Read in Preparation for 2024
In the dynamic world of fintech, staying informed about the latest trends and challenges is crucial for businesses and individuals alike. This guide delves into a curated list of five influential fintech reports and whitepapers, with each of the resources
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Beyond Queries: How ChatGPT in Banking Unleashes Innovation
Financial services companies are increasingly taking advantage of ChatGPT and similar solutions. These technologies allow for the easy integration of corporate data into AI assistants, enhancing the utility of large language models (LLMs) for various applications. While consumers are rapidly
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