MUFG Trust and Banking will begin providing financial institutions with the "News AI Searcher (NAIS)" service jointly developed with MILIZE. It is a system that can be used for news analysis and due diligence operations in market operations using AI, and improves operational efficiency by eliminating the need to extract, analyze, and consider negative information from the large amount of news distributed daily. NAIS not only uses AI to extract important negative news from various business-related information delivered from multiple information sources such as news vendors, but also incorporates a versatile learning-based AI that customers can train themselves, enabling them to label (prioritize) a wealth of domestic and international news in accordance with their intentions. Going forward, news data will become important to be utilized in various business scenes against the backdrop of increasing geopolitical risks and other factors. NAIS, a solution developed based on the needs of practitioners, is expected to be widely used, mainly by financial institutions. In preparation for the official service commencement from April 2024, a free trial site of NAIS for mainly financial institutions is now available. ?? Subscribe to our weekly LinkedIn newsletter, the "Japan FinTech Observer", here:?https://lnkd.in/gNjUuSxG
Tokyo FinTech Association的动态
最相关的动态
-
???? ?????? ???????????? ?????????? ?????????? ???????????? ???? ?????????????????????? ???? ????? Alexandra Mousavizadeh, CEO and Co-Founder of Evident, explores the role of transparency and accountability as banks incorporate AI into their operations. How well are global banks conveying these advancements to build trust with their clients and stakeholders? Explore Alexandra’s insights on the pressing need for clear, responsible AI communication within the banking sector, here ?? https://zurl.co/dwtn #AIinBanking #Fintech #AITransparency #FinancialServices #AI
-
While some are optimistic that 2024 proves to be the year of large-scale Gen AI adoption across banking and financial services, for Richard Harmon, Red Hat’s VP & Global Head of Financial Services, the hype is set to continue for some time yet. We spoke to him, and colleague Monica Sasso, Red Hat’s Global Financial Services (FSI) Digital Transformation Lead, on the topic at 2024’s MoneyLIVE Summit in London. “When it comes to Gen AI, there’s still constant innovation coming across,” Harmon says. “For banks today, it’s about understanding how and where they can best apply Gen AI while making sure they are collaborating with regulators to evolve the regulations in this space. “The scope for Gen AI’s use is so much broader than we’re seeing, so – as more innovations arise – it may be a bit of a waiting game for banks to see what the best use cases for Gen AI are in their organisations.” Gen AI in banking: Regulatory hurdles Indeed, in Europe and the UK, banks that deploy Gen AI must comply with the recently passed EU-AI Act (although they still have time to get their houses in order before it is implemented), which will place how banks already utilise AI in the ‘high risk’ category. This includes AI-based creditworthiness assessments by banks, as well as pricing and risk …
Red Hat: How Banks Should Leverage Gen AI for Transformation
fintechmagazine.com
-
Explore how the EU AI Act is set to revolutionize financial services, ensuring AI systems are trustworthy, safe, and transparent across Europe. #EUAIAct #FinancialInnovation #Regulation #banking #news #finance #fintech https://lnkd.in/ezCcstq5
Explore how the EU AI Act is set to revolutionize financial services, ensuring AI systems are trustworthy, safe, and transparent across Europe. #EUAIAct #FinancialInnovation #Regulation
https://bankingpeek.com
-
Imagine a world where your bank can predict your financial needs before you even realize them. Welcome to the future of banking, driven by artificial intelligence. In a recent statement, a UBS executive highlighted the transformative impact of AI on the banking industry. AI is being employed to enhance various services, including personalized customer interactions, risk management, and fraud detection. By leveraging massive datasets and machine learning, banks can anticipate customer behavior and offer tailored solutions that meet individual needs more effectively. This shift towards AI is not only improving operational efficiency but also enabling banks to deliver more sophisticated financial products and services. Nonetheless, this transition involves navigating significant challenges such as data privacy, ethical considerations, and the need for stringent regulatory frameworks. As banks undergo this technological transformation, balancing innovation with regulation will be crucial. Despite these challenges, the potential benefits of AI far outweigh the risks, making it an essential tool for the future of banking. As AI continues to reshape the banking landscape, staying informed and adaptable is key. Monitor how your financial institution leverages these technologies and weigh the benefits and concerns as you navigate your own financial journey. Got Questions or want to learn more? Then visit - https://lnkd.in/gix8eyXH or Go to my website https://lnkd.in/gytQRbhX #AI #Artificialintelligence #AInews #entrepreneur #smallbusiness #banking #financialtechnology #innovation #machinelearning #datasecurity
AI-driven Banking Innovator in Financial Services
reuters.com
-
Just finished an interesting read that delves into how AI is poised to revolutionise every aspect of banking, from customer service to fraud detection. ???? It's no longer a question of if AI will be integrated into banking, but when and how. #AI #Banking #Innovation #FutureReady ??????
AI is becoming a big deal for big banks. What the CEOs of JPMorgan, Goldman Sachs and more are saying
qz.com
-
Great insights from Ila Ghosh, senior director of financial services intelligence at J.D. Power, in Banking Dive on how AI transparency and education can strengthen customer relationships in banking. Read to learn more!
Although a hot topic, AI remains somewhat of an enigma, at least to consumers, noted Ila Ghosh, senior director of financial services intelligence at J.D. Power. Banks “really need to amp up their transparency and the education that they’re providing customers,” she said. De-mystifying the technology, by explaining how their AI systems work and what their data protection practices are, can benefit banks' relationships with customers, Ghosh said.?
Banks are excited about AI. Their customers aren’t so sure.
bankingdive.com
-
** HOT TOPIC ALERT ** "The AI Stratego - Defining The Rules for Banking" panel with Valérie H??, Head of European Affairs, Commerzbank AG, Joris Krijger, AI & Ethics Officer, de Volksbank and Anthony Morris, Chief Industry Transformation Officer, nCino, Inc., moderated by our own Andrew Vorster, will be exploring the regulatory, ethical, and strategic frameworks necessary for integrating AI into the banking sector. This panel is essential for banking executives, policymakers, AI technology developers, and anyone involved in shaping the future of AI in banking. It offers valuable insights into the responsible and strategic use of AI, ensuring its benefits are harnessed within a clear and robust framework of rules. Take a look at the session outline here https://bit.ly/4aMqOw1 and make sure to secure your ticket while you are there so that you can JOIN THE CONVERSATION and help shape the future of banking!
-
-
Is your bank or financial institution prepared to harness the benefits of Composite AI in an ever-evolving financial landscape? Discover how this powerful technology can help you not only solve challenges but lead the way in a competitive industry. ? #JurisTech #Banking #Finance #CompositeAI
Key Benefits Of Composite AI Every Financial Leader Should Know Now
https://juristech.net/juristech
-
"...the big challenge for banks in the months and years ahead is how to deliver material outcomes from their spending on tech, including #AI. That means not just delivering products on time and on budget, but to do so in a way that gets measurable value out of it—by generating revenue, taking out cost, or tangibly improving risk management, among other benefits." McKinsey & Company's Ido Segev and Vik Sohoni discuss why capturing value from technology and AI requires taking actions beyond just those domains. https://lnkd.in/ebEY6PN5 #financialservices #cx #fintech
For banks to demonstrate value from tech and AI, they will need to reach beyond the CIO’s office
mckinsey.com
-
Unlocking the Power of Client Conversations in Retail Banking, Private Banking and Wealth Management
Banks are actively embarking on their AI-compliance journeys. The initial crucial step involves aligning with existing regulations in preparation for upcoming AI regulations. Implementing a risk-based approach to identify and mitigate potential harms to the bank, customers, and the financial system is key for future readiness. Interesting read by Simon Treacy. #AI #Compliance #Banking #Regulations
What Role Could GenAI Play in How Banks Manage Risk?
https://internationalbanker.com
